Vitalik Buterin Compares Bitcoin Mining Costs to AI as MARA and TeraWulf Expand

Vitalik Buterin shared cost tables on X comparing Bitcoin mining to AI inference. Electricity is 45.9% of Bitcoin mining costs but only 4.8% of AI inference costs, while computing hardware is about 76% of AI inference costs. TeraWulf holds a 20-year lease with Anthropic, and Core Scientific has an AI deal.