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

TLDR Vitalik Buterin shared two cost tables on X comparing Bitcoin mining to AI inference. Electricity makes up 45.9% of Bitcoin mining costs, but only 4.8% of AI inference costs. Computing hardware and related spending is about 76% of AI inference costs. TeraWulf has a 20-year lease with Anthropic…