Origin

Against the backdrop of an accelerating digital era, computing power (hashrate) is rapidly becoming a foundational resource driving global technological and economic development. Whether it's block production in cryptocurrency networks, AI model training, the operation of decentralized Web3 infrastructure, or the data processing demands of traditional industries undergoing digital transformation, they all collectively fuel a massive global demand for computing resources.

According to forecasts from leading global research institutions, the growth rate of the computing power market over the next decade will far surpass that of traditional energy and internet industries. IDC data shows that in 2023, global investment in computing infrastructure exceeded $300 billion and is projected to surpass $1 trillion before 2030. Driven by the rapid adoption of AI and blockchain technologies, the demand for edge computing, high-performance GPU servers, and specialized mining equipment is rising exponentially.

Taking cryptocurrency as an example: by the end of 2024, Bitcoin's total network hashrate exceeded 600 EH/s, and continues to grow. Behind this astronomical level of hash calculations—tens of billions of hashes per second—is the result of millions of mining machines operating around the clock worldwide. At the same time, AI training workloads from tech giants such as OpenAI, Google DeepMind, and Meta are consuming unprecedented volumes of GPU and TPU resources. Computing power has evolved from being the “anchor of consensus” in the Bitcoin network to becoming the “digital fuel” of the AI and Web3 era.

In this global wave of hashrate explosion, “Whoever controls computing power, controls the future of technology.” Computing power is emerging as the fifth core productive force—after energy, land, capital, and data—and is increasingly defined by three key attributes:

• Value-carrying nature: Computing power is essentially an input factor that leads to productive output (e.g., Bitcoin, AI models), offering long-term and stable economic returns.

• Assetization potential: With the advancement of technologies like NFT and DePIN, computing power is being redefined as an on-chain asset that is transferable, ownable, and collateralizable.

• Global strategic competition: Low-cost electricity, hardware optimization, and geographical distribution have become critical factors for nations competing for dominance in the global computing landscape.

BitEngine was born precisely in this context. By bringing real computing power from globally distributed physical mining facilities on-chain, and combining it with NFT-based asset models and Web3 incentive mechanisms, BitEngine enables any user to fairly participate in and benefit from this global computing power revolution.