Bitcoin mining companies are experiencing unprecedented stock rallies as they pivot to AI infrastructure, with IREN securing a $9. 7 billion data center agreement with Microsoft. The shift comes as the US government blocked Nvidia’s advanced chip exports to China, creating a bifurcated market where domestic crypto miners leverage existing power infrastructure to meet surging AI demand. Bitcoin Miners Navigate Infrastructure Transformation Bitcoin miners have undergone a fundamental business model shift following the April 2024 halving event
source: https://beincrypto.com/forget-crypto-bitcoin-miners-just-became-americas-ai-powerhouses/