Bitcoin miners’ AI pivot loses Wall Street’s wow factor
New analysis finds AI infrastructure contracts are becoming larger and more profitable, but investors now demand stronger execution before rewarding bitcoin mining stocks.
Bitcoin miners have shifted their focus to artificial intelligence and high-performance computing, but Wall Street's reaction to these AI infrastructure deals has grown less enthusiastic. According to new analysis by Blocksbridge Consulting, the average stock movement for AI and HPC infrastructure announcements has dropped from around 24% to about 10% over the past two years, even as contract sizes and values have increased.
The market now seems more discerning, demanding stronger execution and long-term profitability from these deals. Major announcements like TeraWulf's 401-megawatt lease with Anthropic and Bitdeer's Tydal contract have drawn much smaller responses compared to earlier deals, such as Core Scientific's 40% share gain from its initial hosting agreement with CoreWeave.
Bitcoin mining stocks that have embraced AI and HPC workloads have also seen a recent slowdown, with the TEM AI Infrastructure Growth Index down about 28.5% from its June peak.
Written by urgent.news from Cointelegraph's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
