Bitcoin Miners Become Critical Players in AI Infrastructure Race
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Bitcoin miners now control over 27 GW of planned US power capacity and have announced more than $90 billion in AI-related agreements tied to roughly 3.7 GW of infrastructure, prompting firms like IREN, Riot Platforms and Core Scientific to pivot into AI hosting. Wall Street sees power access as the miners' main competitive advantage after the 2024 Bitcoin halving squeezed margins, making AI infrastructure a new crypto revenue and adoption channel for mining and hosting providers.
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- Bitcoin miners now control over 27GW of planned US power capacity as AI firms struggle.
- Bernstein said miners have already signed more than $90B in AI-related agreements.
- IREN, Riot Platforms, and Core Scientific are shifting beyond mining and into AI hosting.
Bitcoin mining firms are moving deeper into AI infrastructure as large tech companies struggle to secure electricity for new data centers.
Wall Street firms now see power access as the main advantage miners hold, especially after the 2024 Bitcoin halving reduced mining margins and forced companies to search for new revenue sources.
Bernstein estimates publicly traded Bitcoin miners now control more than 27 gigawatts of planned power capacity across the United States.
The bank also said miners have already announced over $90 billion in AI-related agreements tied to roughly 3.7 gigawatts of infrastructure…
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