According to CoinDesk, publicly traded Bitcoin mining companies are 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 is 27%, and IREN’s is 9%.
Public Bitcoin miners report a $19K loss per BTC, shift focus to AI and infrastructure
TechFlowShare
Summary
AI and crypto news show public Bitcoin miners losing $19,000 per BTC mined, pushing them toward AI and infrastructure. A BTC update reveals over $70 billion in AI and HPC contracts signed, with CoreWeave and Core Scientific expanding a $102 billion, 12-year agreement. TeraWulf secured $128 billion in HPC revenue, Hut 8 signed a $70 billion AI lease, and Cipher Digital partnered with Fluidstack. By 2026, AI could account for 70% of miners’ revenue. Core Scientific’s AI hosting now makes up 39% of its income, TeraWulf’s 27%, and IREN’s 9%.
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