While BTC is still outsmarting the Federal Reserve, smart people have already started selling shovels to cash in on AI—KEEL's weekly increase of 30% is not without reason

BlockBeats News, May 28 — 10x Research says that as demand for AI infrastructure is growing rapidly, Bitcoin mining companies are accelerating their shift toward AI infrastructure firms. Their crypto stock basket index has risen 56% within the year, while BTC has fallen 17% over the same period. This week, BTC has come under pressure as U.S. Treasury yields have spiked and market expectations for a hawkish Federal Reserve have intensified. Institutional funds have continued to withdraw from non-yielding assets, and the BlackRock Bitcoin ETF has also seen notable outflows.



Meanwhile, mining companies and AI infrastructure concept stocks surged sharply. Among them, KEEL rose 30% over the week, CIFR and IREN both increased 29%, WULF gained 24%, and HUT rose 22%. 10x Research noted that several key events this week indicate that the mining industry’s transition to AI is underway.