Bitcoin Mining ETF WGMI Shifts 80% Assets to AI Power Firms



The Bitcoin Mining industry Al transition of July 2026 did not happen overnight.
Mining companies spent years building large, power-dense facilities with secured grid connections, the exact assets that Al hosting firms now need and cannot build quickly.
CoinShares' research note on the mining-Al convergence points to several already-signed deals:
• Core Scientific signed 12-year hosting agreements with CoreWeave worth $10.2
billion in total contract value.
• IREN secured a five-year, $9.7 billion Al cloud contract with Microsoft.
• TeraWulf has announced more than $12
billion in long-term HPC hosting contracts.
• Hut 8 signed a 15-year lease reported at $9.8 billion for its Beacon Point campus.
These Bitcoin mining companies' HPC semiconductor deals show that Al hosting revenue is no longer a side experiment.#BTCBreaks71000Up10.5% #ETHSurges20%BreaksThrough2300 #BTCETHReboundTradeIdeas #USTreasuryBuybacksAndRegulatorySignalsDriveCryptoSurge #StrategySurgesNearly12% $BTC
BTC11.88%
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MemeFarmer
· 1h ago
Mining companies are making a smart move: the power infrastructure is already in place, AI firms urgently need computing capacity, and miners can easily profit from long-term contracts.
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StainedGlassSolarArray
· 1h ago
I used to think mining was a waste of electricity, but now it looks like they had factories ready for AI in advance—what incredible foresight.
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WoollyCurl
· 1h ago
Honestly, Bitcoin miners switching to AI hosting is far more stable than simply speculating on crypto—the cash flow is firmly locked in, and the market is buying it.
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AirdropHunter
· 1h ago
That $10.2 billion contract with Core Scientific runs for 12 years—this isn’t a mining company, it’s clearly an energy real estate developer.
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