Bitcoin Miners' AI-Related Deals Exceed 7.5 GW Capacity, Worth $150B in Contracts

BTC-1.58%
HUT5.49%
IREN1.88%

According to Bernstein, Bitcoin mining companies' AI-related deals tracked in July exceeded 7.5 gigawatts (GW) of capacity, valued at approximately $150 billion across multi-year contracts.

Hut 8 and IREN announced major infrastructure agreements this week. Hut 8 signed a 15-year lease worth $9.8 billion for its AI data center park, while IREN disclosed a $2.8 billion cloud service contract with AI developers. Both stocks recorded double-digit gains following these announcements.

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