Bitcoin Miners Pivot to AI Infrastructure with $90 Billion in Announced Contracts

A recent report from Bernstein reveals that the Bitcoin mining sector in the United States holds more than 27 gigawatts of planned power capacity, driving a strategic pivot toward AI infrastructure. Mining companies have already announced AI-related contracts valued at over $90 billion. This shift is fueled by the difficulty of securing grid-connected power, as obtaining a single gigawatt can take more than four years in most U.S. states.

This transition reflects a radical re-evaluation of companies like Core Scientific and IREN as they capitalize on the scarcity of ready-to-use data centers. Per market data, mining stocks are gaining momentum compared to traditional data center peers like Equinix, with industry experts noting in research citations that the value of sites with immediate power access has surged due to massive demand from Big Tech. This hybrid model serves as a hedge against Bitcoin price volatility by securing stable cash flows.

Looking ahead, sector stocks maintained key levels as of the close on May 19, 2026, with investors watching upcoming quarterly earnings to confirm profit margins from high-performance computing contracts. On the economic front, traders are monitoring U.S. Producer Price Index (PPI) trends—which recorded 1.4% on May 13, 2026—as a gauge for operating costs and inflation that could impact energy and construction expenses for new data centers.