Overview
- CoinShares reported on Friday that publicly listed Bitcoin miners could earn roughly 70% of their revenue from AI and high‑performance computing by December 2026.
- Cumulative announced AI and HPC contracts among listed miners now exceed $70 billion, including multiyear deals at Core Scientific, IREN, TeraWulf and Hut 8.
- The firm highlighted severe U.S. bottlenecks, noting about 2,060 gigawatts waiting for grid connection versus roughly 1,300 gigawatts of installed capacity and roughly five‑year connection timelines.
- CoinShares also recorded renewed crypto exchange‑traded product inflows, citing $1.65 billion across the first three trading days of the week and a $2.94 billion inflow the prior week.
- Analysts say the shift will revalue miners as contracted compute and power providers, raise the strategic worth of already‑energized sites, and change hiring and local economic patterns where miner sites convert to data‑center hosting.