Nine publicly traded miners have collectively poured more than $5B into AI and high-performance computing infrastructure, and that bet returned $341M in combined revenue during the first half of 2026.
Several of these companies now generate more income from renting out compute to AI workloads than they do from actually mining Bitcoin.
The numbers behind the pivot
Cumulative AI and HPC contracts across the public mining sector now exceed $70B, with deal structures often spanning 12 to 20 years.
Companies like Core Scientific and TeraWulf now earn more from AI operations than from Bitcoin mining. By the end of 2026, some miners are projected to pull up to 70% of their total revenue from AI-related work.
