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💰 Bitcoin Miners Strike AI Gold

What’s Happening

Bitcoin miners are cashing in again, but not the way you think. A fund tracking major bitcoin mining companies has jumped over 150% this year, while Bitcoin itself has climbed a more modest 14%.

The surprise? The biggest winners aren’t mining more crypto, they’re powering the AI boom.

Why the Sudden Shift

Bitcoin mining has always been an energy-hungry grind, with massive data centers solving complex puzzles for digital rewards. But after April’s “halving” event cut rewards by half, profitability cratered. Rising energy prices and tougher mining conditions only added pressure.

So the miners got creative. Instead of relying solely on Bitcoin, they started renting out their high-performance data centers to AI firms. A smart pivot that turns idle infrastructure into high-margin revenue.

And it’s working:

• Cipher Mining signed a $3 billion, 10-year deal with Fluidstack. Google will support the build out in exchange for a stake in Cipher.

• IREN raised $1 billion to expand its AI infrastructure and buy Nvidia chips.

• Bitdeer is doing the same, shifting capacity from crypto to computing.

The best part? These companies are making more money without using more energy — a rare edge in a high-cost environment.

Why It Matters

Bitcoin’s rally this year has been driven more by regulatory optimism than actual user growth. That makes it fragile.

Miners-turned-AI-infrastructure firms, on the other hand, own tangible assets such as data centers, chips, and power contracts. And these are in high demand from the AI industry. Investors looking for stability and growth see these as smarter bets than speculative crypto tokens.

The Bigger Picture

Take IREN as a prime example. Once a pure bitcoin miner, it’s now positioning itself as an AI powerhouse. The company’s data centers will soon have 2 GW of capacity, enough to power a small city, and access to hard-to-find Nvidia chips.

IREN expects $125 million in AI revenue per quarter early next year, with long-term potential to hit $20 billion annually if demand keeps rising. If that happens, its shift from mining to machine learning could become one of the most profitable pivots in tech.

💡 Investment Insight: From Crypto Hype to Compute Power

This story isn’t just about Bitcoin. It’s about how infrastructure evolves. As AI reshapes the global economy, companies that own the computing backbone (the power, chips, and data centers) are becoming the new gold miners.

For long-term investors, the message is clear: follow the demand for compute, not just the buzz around it.

And continue to follow AI development, check this out

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Until next time, stay curious and invest smart.

Pete
Invest with Pete

🚨‼️ By the way, I’ll never PM anyone on telegram or any other social media platforms. If you receive any “Pete” messaging you, these are scammers impersonating me. Pls beware!

The information provided in this newsletter is for informational purposes only and does not constitute financial advice. Readers should seek their own independent financial advice before making any investment decisions. Please note that while Pete is a portfolio manager, the opinions expressed in this newsletter are his own and do not represent the views of any organization. Always perform your own research and due diligence before investing.