PANews, March 28: According to CoinDesk, publicly traded Bitcoin mining companies are currently losing approximately $19,000 per Bitcoin mined, prompting them to rapidly shift toward AI and high-performance computing infrastructure. CoinShares reports that the public mining sector has collectively announced over $70 billion in AI and high-performance computing contracts. Just the expanded partnership between CoreWeave and Core Scientific is worth $10.2 billion over 12 years. TeraWulf’s high-performance computing contracts generate $12.8 billion in revenue. Hut 8 has signed a 15-year lease agreement worth $7 billion for AI infrastructure at its River Bend campus. Cipher Digital has entered into a multi-billion-dollar agreement with Fluidstack, backed by Google. By the end of 2026, AI could account for as much as 70% of revenue for publicly traded mining companies, up from approximately 30% today. Core Scientific’s AI hosting revenue already represents 39% of its total revenue. TeraWulf’s figure stands at 27%, and IREN’s at 9%.
By 2026, AI could account for 70% of the revenue of publicly listed Bitcoin mining companies.
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Summary
AI and crypto news mark a major shift as public Bitcoin mining companies pivot toward AI and high-performance computing. Public miners are losing approximately $19,000 per bitcoin mined, driving them toward AI infrastructure. CoinShares reports over $70 billion in AI and HPC contracts. CoreWeave and Core Scientific expanded their $102 billion, 12-year agreement. TeraWulf secured $128 billion in HPC revenue. Hut 8 signed a $70 billion, 15-year AI lease, and Cipher Digital partnered with Fluidstack. By 2026, AI could account for 70% of revenue for publicly listed firms. Core Scientific generates 39% of its revenue from AI hosting, TeraWulf 27%, and IREN 9%. Bitcoin news continues to evolve, with AI integration at the forefront.
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