Data: Currently, mining companies lose approximately $19,000 for every 1 BTC mined, prompting a shift toward AI and infrastructure transformation.

CycleProphet · 2026-03-28T03:13:37+00:00

Bitcoin mining companies are shifting towards artificial intelligence and high-performance computing due to mining losses, with contracts worth up to $70 billion already announced. By 2026, AI is expected to account for 70% of mining companies' revenue. Core Scientific and TeraWulf's AI revenue shares are 39% and 27%, respectively.

CycleProphet

2026-03-28 03:13:37

Abstract generation in progress

According to TechFlow news on March 28, reported by CoinDesk, publicly listed Bitcoin mining companies are losing about $19,000 for each Bitcoin mined, and are therefore quickly shifting towards AI and high-performance computing infrastructure. A report from CoinShares shows that the public mining sector has announced over $70 billion in AI and high-performance computing contracts. Just the expanded partnership agreement between CoreWeave and Core Scientific is valued at $10.2 billion and lasts for 12 years. TeraWulf’s high-performance computing contract revenue has reached $12.8 billion. Hut 8 signed a $7 billion, 15-year lease agreement for AI infrastructure for its River Bend facility. Cipher Digital has struck a multi-billion-dollar deal with Google-backed Fluidstack.

By the end of 2026, AI could account for as much as 70% of the revenue for listed mining companies, up from the current 30%. Core Scientific’s AI hosting revenue already constitutes 39% of its total revenue. TeraWulf’s figure is 27%. IREN’s figure is 9%.

BTC-2.04%

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