Bitcoin News Today: The Major Transition: Bitcoin Mining Companies Evolve into Leading AI Infrastructure Providers
- Bitcoin miners shift to AI infrastructure as margins shrink due to rising energy costs and post-halving challenges, with companies like Core Scientific and Cipher Mining repurposing data centers for AI workloads. - Major contracts, including a $5.5B, 15-year AWS deal and a $9.7B Microsoft agreement, highlight AI’s 25x higher revenue per megawatt compared to Bitcoin mining, driven by stable demand from tech giants. - The pivot reshapes market dynamics, with AI-focused miners outperforming Bitcoin peers as
Industry experts and analysts say that Bitcoin mining companies are rapidly shifting their focus to artificial intelligence infrastructure as profit margins shrink due to rising energy prices and the effects of the latest halving. What was once a specialized approach has now become a widespread industry transformation, with firms such as
This strategic change comes after Bitcoin’s halving in April 2024, which cut block rewards and caused average hash prices—daily earnings per terahash—to fall below $0.05 by mid-2025, representing a 60% decrease from pre-halving figures, as reported by
“Miners have evolved beyond just Bitcoin—they now serve as digital infrastructure providers,” one analyst observed, pointing out that seven of the ten largest miners now earn income from AI or high-performance computing (HPC) ventures, according to
This transformation is altering the competitive landscape. Companies like TeraWulf and Core Scientific are prioritizing AI growth over expanding Bitcoin hashrate, with TeraWulf’s $3.7 billion Fluidstack partnership alone expected to generate $1.85 million per MW each year, according to
This industry pivot is also changing how companies are valued. Investors are now more interested in contracted AI megawatts and revenue per MW than in hash rates, with AI-centric miners like Core Scientific and TeraWulf outperforming those focused solely on Bitcoin, as
Industry watchers suggest that this shift may slow the growth of Bitcoin’s hashrate, as more power is allocated to AI GPU clusters. This development, together with increasing demand from tech giants like Microsoft and Google, has already pushed AI’s energy consumption in the U.S. beyond that of Bitcoin mining, according to
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