Bitcoin miners are pivoting into AI data centers, and Bernstein just lifted targets for this trend. The move repurposes vast power capacity into high-performance compute, not BTC alone. [2]
Signal: Major miners shift into HPC and AI compute - Core Scientific and Riot Platforms are named turning toward AI infrastructure, with CleanSpark and IREN following—expanding beyond pure Bitcoin mining. [2] - APLD is predominately now in the HPC space and has contracts with Coreweave and another hyper-scaler, underscoring a real data-center play. [1]
CLSK’s visible pivot - CleanSpark is shifting from BTC mining to AI infrastructure, a move some see as unlocking upside if execution lands. [4]
The eco-mining/AI bridge in the spotlight - The conversation centers on an eco-mining meets AI compute bridge—an emerging storyline in crypto hardware. [3] - Investor chatter flags broad rotation toward HPC, listing names like IREN, APLD, BITF, HIVE, HUT, and CLSK as potential beneficiaries. [5]
Closing thought: all eyes are on whether AI demand can lift growth trajectories and valuations across both eco-miners and HPC-focused players. This shift could reshape the sector’s earnings power as data-center demand climbs. [2] [1]
References
Main HPC players GW to market cap Analysis (APLD is well positioned)
Evaluates HPC GW plans, ranks APLD; Coreweave leadership; notes BTC miners shifting to HPC; optimistic about APLD.
View sourceBernstein Lifts Targets as Bitcoin Miners Pivot Toward AI Data Centers
Bernstein lifts targets as Bitcoin miners pivot to AI data centers, leveraging capacity to diversify beyond mining.
View source$CAN STRUCTURE EXPANDING STRONG.🔥🔥🔥 Eco-mining meets AI compute — a rare bridge story in crypto har
Eco-mining meets AI compute; rare bridge in crypto hardware; risk high, sector rotation could ignite next leg up.
View source$CLSK is shifting from BTC mining to AI infrastructure huge potential if executed well. Price tar
CLSK shifts from Bitcoin mining to AI infrastructure; sees huge potential; price target $150 within two years.
View source#btc miners pivoting into HPC data centres is where the action is. And we have barely started yet.
BTC miners pivot to HPC data centers; lists IREN, CIFR, BITF, HIVE, HUT, BTDR, CLSK; expects good performance.
View source