Public Bitcoin miners pivot to AI power infrastructure with $70–100B in contracts
- —AI and HPC contracts across public miners are valued at $70–100 billion
- —AI tenants yield about $1.5M per MW annually vs $500K for Bitcoin mining
- —Core Scientific signed a $10.2 billion, 590 MW deal with CoreWeave
- —Only about 550 MW of roughly 4 GW contracted capacity is generating revenue (14%)
Why it matters: The shift is expected to pull about 35 EH/s of hashrate away from public miners, reshaping mining economics and Bitcoin supply.
Source: Crypto Briefing