FILTERED RESULTS
FILTERS
Ads Top
DARK MODE
CHART
MCap $2.9T -0.7%24h Vol $122B +25%Fear & Greed 72/100Alts Index 43/100
BTC.D 58.9% +0.2%Stable.D 9.2% +0.1%ETH.D 11.3% -0.1%Others.D 20.6% -0.2%
SAND$0.0651+45.61%•NIGHT$0.0483+24.44%•CARDS$0.2493+22.4%•GALA$0.00260796+15.24%•ATH$0.00659324+13.13%•MANA$0.0992+11.94%•STONK$0.2589+11.93%•APE$0.1637+10.49%•WLD$0.5404+8.24%•MINA$0.1615+7.06%•
2Z$0.0458-18.34%•SOON$0.3684-14.42%•MARSCOIN$0.1082-14.32%•BR$0.6682-11.58%•PONS$0.4489-11.52%•BP$1.360-8.56%•PUMP$0.00534192-7.97%•CASHCAT$0.1565-7.34%•PENGU$0.00885917-6.02%•KNTQ$0.3160-5.93%•
Top movers 24h
    Filters
      Coins
      Sentiment
      Impact
      Search
      FILTERED RESULTS

        

      Upgrade your plan
      Dashboard

      Bitcoin Miners Shift Focus to AI Power Contracts Amid Rising Demand

      Bitcoin miners are increasingly transitioning from cryptocurrency operations to power infrastructure for artificial intelligence (AI) companies, capitalizing on the growing demand for electricity. Public Bitcoin mining firms have collectively announced contracts for AI and high-performance computing (HPC) that are estimated to be worth between $70 billion and $100 billion, effectively transforming them into power landlords for the AI sector.

      The financial incentives for this shift are significant. AI companies can generate approximately $1.5 million per megawatt annually, compared to just $500,000 per megawatt for Bitcoin mining. This disparity has become more pronounced following the 2024 Bitcoin halving, which reduced block rewards and pressured miners to seek higher-paying tenants for their power contracts.

      Major players in the industry have secured substantial contracts, including Core Scientific's $10.2 billion agreement with CoreWeave for 590 megawatts of capacity, and IREN's $9.7 billion deal with Microsoft for GPU cloud services. The existing infrastructure that Bitcoin miners have developed, including power purchase agreements and grid connections, positions them advantageously to meet the urgent power needs of AI companies, which often face lengthy delays in establishing new facilities.

      Despite the promising figures, only about 550 megawatts of the contracted AI capacity is currently generating revenue, indicating a utilization rate of roughly 14%. This has led analysts to reassess the valuation of these companies, focusing more on energy capacity and tenant quality rather than traditional metrics like Bitcoin production. As a result, the pivot towards AI is expected to significantly impact the Bitcoin mining landscape, with an estimated 35 exahashes per second of mining capacity being redirected to serve AI clients.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

      .

      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud