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In Focus
Bitcoin miners are pivoting AI to meet growing demand for cloud computing power in the industry. Initially focused on mining cryptos, these firms now sign long-term deals backed by their energy, land, and data center infrastructure as per Yahoo Finance.
Bitcoin miners are shifting to AI at a time when AI startups and chipmakers are signing megadeals. For instance, OpenAI has partnered with Broadcom to make its own AI chips.
Bitcoin miners that are moving resources towards AI and high-performance computing infrastructure include Riot, CleanSpark, and Galaxy Digital.
The shift to Bitcoin mining AI data centers is driven by higher returns from AI compared to crypto mining. Fluctuations in Bitcoin prices and the crowded mining industry have reduced profit margins for miners.
Analysts estimate that in September, 2025, Bitcoin miner profits dropped by more than 7% as prices of the top crypto dipped. Miners experience revenue drop every four years when Bitcoin’s “halving” event cuts their rewards in half. This makes mining a less profitable venture in the long run.
“Demand for AI workloads is through the roof right now, and BTC miners have what AI data centers require: affordable and consistent power housed in temperate environments,” Influx Technologies CEO and Co-founder Daniel Keller said.
The shift from Bitcoin to AI by miners is also happening at a time when cloud hyperscalers like Amazon, Microsoft, and Google continue to experience multiyear grid and permitting delays for additional AI data center capacity.
Microsoft’s data center crunch will extend past December 2025 as it struggles to keep up with the growing demand for cloud services. This strain presents an opportunity for smaller, power-ready operators like Bitcoin miners to bridge the cloud computing capacity gap.
“Access to ready and cheap renewable power combined with data center capabilities positions Bitcoin miners as attractive partners for AI cloud providers looking to accelerate time-to-market and build resilient HPC clusters,” Bernstein Analyst Gautam Chhugani said.
Bitcoin Miner’s AI Pivot at a Glance
Analysts estimate that by shifting to AI data centers, crypto mining companies could reduce AI deployment timelines by up to 75%. The proximity of Bitcoin mining infrastructure to AI data centers is a major advantage.
Some Bitcoin mining firms that have already pivoted into AI include Galaxy Digital, CleanSpark, and Riot. Galaxy Digital is partnering with CoreWeave to convert its Texas-based 1,500 acre Helios data center into an AI and HPC hub. CoreWeave acquired OpenPipe last month to grow its offerings for developers AI labs.
CleanSpark is using its computing infrastructure and land to tap into the AI boom. Riot plans to convert its data center campus in Corsicana, Texas into a mixed use facility for bitcoin and HPC use.