By the end of 2026, AI may account for 70% of the revenue of Bitcoin mining companies.

CoinFeed reported on March 28th, citing CoinDesk, that publicly traded Bitcoin mining companies are losing approximately $19,000 per Bitcoin mined, and are therefore rapidly shifting towards AI and high-performance computing infrastructure. A CoinShares report shows that the public mining sector has announced over $70 billion in AI and high-performance computing contracts. CoreWeave's expanded partnership with Core Scientific alone is worth $10.2 billion over 12 years. TeraWulf's high-performance computing contract revenue reached $12.8 billion. Hut 8 signed a $7 billion, 15-year AI infrastructure lease agreement for its River Bend campus.