Crypto Miners Pivot to AI/HPC: How MARA, BTBT, CLSK and Friends Are Turning Compute into Revenue

Crypto miners are pivoting from pure Bitcoin hashing to AI/HPC data centers, chasing multi-year contracts and bigger compute footprints.

Bitdeer Technologies aims to convert its Clarington and Tydal Phase 2 facilities into AI data centers by late 2026, targeting over 200 MW and potentially $2 billion in annual revenue ^[1].

IREN has expanded its AI cloud ops, doubling GPU capacity to 23,000 and aiming for about $500 million in annualized revenue by early 2026 ^[1].

Cipher Mining has entered a 10-year HPC colocation agreement with Fluidstack, promising $3 billion in revenue with potential expansion to $7 billion, backed by Google’s financial support for lease obligations in exchange for equity ^[1].

CleanSpark remains bullish despite a pullback; discussions center on AI/HPC plans that could lift profitability and growth, with the team stressing strong fundamentals ^[4].

MARA chatter centers on a run toward $41, a reflection of AI/data center relevance beyond pure hashing ^[5].

BTBT bulls are sparking chatter about new highs as investors chase AI-ready compute assets ^[6].

AI compute demand is reshaping how miners monetize capacity—watch AI contracts and GPU footprints for the next leg.

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