Bitcoin mining companies' total AI-related transaction scale exceeds 7.5 gigawatts, equivalent to $150 billion in contracts

Odaily Planet Daily reported that Bernstein said in a research report on Thursday that its Bitcoin mining industry transaction tracker recorded a new AI-related transaction every week in July, with a total scale exceeding 7.5 gigawatts, equivalent to $150 billion based on multi-year contracts.

Bernstein stated that as new US data centers face more political resistance, access to electricity remains a real bottleneck for the AI industry, and the third-party computing power provided by Bitcoin mining companies will maintain its value.

On Monday, Hut 8 and IREN announced large AI infrastructure deals, leading to double-digit gains in Bitcoin mining stocks. Hut 8 announced a 15-year, $9.8 billion lease agreement for its AI data center campus, and IREN disclosed a $2.8 billion cloud services contract with an AI developer.

Earlier in July, MARA Holdings announced plans to acquire a site in Texas with capacity of up to 2 gigawatts to expand its AI and digital infrastructure business. TeraWulf previously signed a 20-year data center lease agreement with AI startup Anthropic, which the company said could generate approximately $19 billion in contract revenue. (Cointelegraph)