Nvidia’s (NVDA) financial forecast was extremely optimistic , as the chipmaker benefited from the surge in demand for hardware that would power the AI revolution ushered by ChatGPT. The stock price of Nvidia was all the rage on Wall Street Thursday.

Bitcoin ( BTC ) miners are reminded that they have the knowledge and space in their data centers to run AI applications. It remains to be determined if they will dive in.

The overwhelmingly positive reaction of the market to Nvidia’s announcement “will encourage more mining companies to make their own announcements and allocate more of their computing power to other forms,” said Ethan Vera. Chief operating officer of mining services firm Luxor Technologies.

Vera remarked on Wednesday that Applied Digital, a data center design company, is working with Supermicro (SMCI), to develop an AI cloud service.

Applied Digital, Hut 8 Mining and Hive Blockchain are among a few miners who have been looking at diversifying data center space to other computing areas for a long time. Wes Cummins, CEO of Applied Digital, believes that miners will make more money in AI than in mining. This is at least until another bull run for bitcoin.

The transition may not be smooth. Vera stated that high-performance computing, such as AI or cloud applications, “requires different levels of infrastructure build than bitcoin mining”. He said that firms will need to hire engineers who can plan their sites differently, and sales staff for signing up clients.

It’s not an easy process to upgrade a site to include AI computing. Latency, compliance with environmental regulations, cooling, humidity, dust, and redundancy of power are all factors to consider.

Although most miners will not repurpose their facility for AI, there are still some who have always taken a more varied approach to their business, offering high-performance computing or edge-compute in addition to bitcoin-mining. These companies could accelerate their development of these business lines with the rapid growth in AI,” said Juribulovic, head mining at Foundry Digital, which, like CoinDesk is owned by Digital Currency Group.

Nvidia’s prediction is also helping AI-linked tokens such as SingularityNET, which rose 13% on Friday. Render (RNDR), and Fetch.ai, have both risen more than 5% over the last 24 hours according to CoinGecko.

Read more: Crypto and Bitcoin miners Rebrand and diversify to Survive – A look at their New Strategies

UPDATE: Added quote from Foundry Digital’s Juri Bulovic.

Nick Baker and Aoyon Asraf edited the book.