Bitcoin mining facilities are being repurposed for AI workloads as data-center developers capitalize on surging demand and a $750 billion capex wave.

For a brief stretch this year, the market seemed willing to believe that every megawatt with a fence around it could become an AI factory. This article

AI infrastructure companies surged 187% in 12 months as Bitcoin miners pivot to AI data centers. TeraWulf signed a $19B deal with Anthropic.