Big Tech is burning billions on AI infrastructure with no end in sight, but the real winners are former Bitcoin miners. By repurposing old mining centers, BuzzHPC is already hitting 80% EBITDA margins and scaling from $20M to $200M in revenue in just 12 months. Most AI giants are chasing "hockey stick" fantasies, but capital discipline and existing power contracts prove the hype is a trap. Is Big Tech actually failing the AI efficiency test? Do you agree?
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