Bitcoin miners are becoming a vital link for artificial intelligence infrastructure

According to Bernstein analysts, Bitcoin miners are occupying a crucial position in the artificial intelligence (AI) infrastructure supply chain. They stand out for owning large amounts of electricity and the infrastructure necessary for data centers, which is currently the most valuable resource for technology companies. This is reported by Cointelegraph.com reports .

According to the report, 11 major publicly traded Bitcoin mining companies have over 27 gigawatts of planned capacity. They have already signed $90 billion in AI contracts covering 3.7 gigawatts of capacity with major tech giants like Microsoft and chip manufacturers.

Currently, the main obstacle to expanding AI data centers is not chips, but limited access to electricity. The process of obtaining permits to connect to new power grids can take over 4 years even in U.S. states like Texas, which gives miners already connected to the grid a significant competitive advantage.

After the 2024 halving process reduced the profit margins of Bitcoin miners, companies were forced to seek new revenue streams. As a result, companies like IREN and Soluna Holdings are diversifying their business models, shifting from traditional mining to developing high-performance computing centers and AI infrastructure.