AI Infrastructure Shift Turns Bitcoin Miners Into Large-Scale Data Center Operators

On 15 February 2026, it was reported that multiple publicly listed Bitcoin miners had reoriented their business models toward AI and high-performance computing after the April 2024 halving cut block rewards. Companies such as TeraWulf, Core Scientific, Hut 8, and others are selling Bitcoin holdings, signing multiyear AI hosting contracts, and expanding power capacity to build out GPU-focused data centers with potentially higher and more predictable margins than traditional mining.