Thoughts on pubcos shifting to HPC?

Seems like some public companies like IREN and CORZ are switching gears to focus on AI, turning their warehouses into HPC server farms, and it's paying off for them. What do you guys think about this? Can a Bitcoin miner really succeed if they veer off their main goal to explore other areas? Is this a smart move for finding profits during bear markets or when transaction fees dip? These two are riding a wave right now. Do you think this is just a temporary hype or could it be a solid long-term investment? And what about private miners? Any of them making similar moves?

Repurposing Bitcoin mining infrastructure for AI and HPC, as seen with IREN and CORZ, is a smart diversification strategy. It mitigates risk by creating alternative revenue streams and better utilizes existing facilities, ensuring profitability even in bear markets. This pivot appears promising for the long term, not just a short-term hype. Private miners are also exploring similar moves to diversify their income.BTC