The video discusses the current state of Bitcoin miners and how they are lagging behind the cryptocurrency itself in terms of performance this year. However, there is potential for a boost in these businesses due to their involvement with artificial intelligence. The speaker, Matthew Seigel, explains that despite the recent lack of interest in Bitcoin miners, they have been announcing new deals with AI companies, which could lower their cost of capital and provide a more sustainable financing stream. If these companies were to repurpose just 20% of their electrical capacity for AI, their stocks could potentially double without any change in Bitcoin mining profits. The video also touches on the disconnect between what gold is doing compared to Bitcoin, attributing it to various factors such as the unwind of carry trades and growth. Overall, there is optimism for Bitcoin miners due to their potential involvement in AI and the opportunities it presents for their business.
