TechFlow News, March 28: According to CoinDesk, publicly listed Bitcoin mining companies are currently losing approximately $19,000 per Bitcoin mined, prompting them to rapidly pivot toward AI and high-performance computing (HPC) infrastructure. A CoinShares report indicates that over $70 billion in AI and HPC contracts have been publicly announced across the public mining sector. For instance, the expanded partnership agreement between CoreWeave and Core Scientific alone is valued at $10.2 billion over 12 years. TeraWulf’s HPC contract revenue totals $12.8 billion. Hut 8 has signed a $7 billion, 15-year AI infrastructure leasing agreement for its River Bend campus. Cipher Digital has entered into a multi-billion-dollar agreement with Fluidstack, a Google-backed company.
By the end of 2026, AI-related revenue could account for as much as 70% of publicly listed miners’ total revenue—up from roughly 30% today. Core Scientific’s AI托管 revenue already constitutes 39% of its total revenue; TeraWulf’s stands at 27%; and IREN’s is at 9%.
