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比特币矿企上半年 AI 资本支出超收入 15 倍

2026-08-21 09:42:08

ChainCatcher 消息,据 Cointelegraph 报道,BlocksBridge Consulting 最新报告显示,9 家上市比特币矿企 2026 年上半年 AI 及高性能计算(HPC)业务资本支出达 51.1 亿美元,同期相关收入仅 3.4 亿美元,投入产出比约 15:1,凸显转型所需的前期投入之大。在 15 家矿企和 AI 数据中心公司的样本中,2026 年报告期资本支出合计达 307 亿美元,较 2025 年全年增长 42.6%。

尽管投入远超收入,AI 和 HPC 收入仍在加速增长,9 家矿企第二季度环比增长 52% 至 2.06 亿美元,Core Scientific、TeraWulf 和 Bitdeer 等领涨。BlocksBridge 指出,矿企虽拥有电力和土地优势,但转化为 AI 就绪产能仍需变电站、冷却系统、网络设备及 GPU 等大量投入。

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