22/08/2026
Bitcoin miners have found a new obsession, and it isn't Bitcoin. Across the industry, companies built to hash blocks are pouring money into artificial intelligence and high-performance computing (HPC), racing to reinvent themselves as landlords for the AI boom. The catch, drawn from two separate strands of Cointelegraph's reporting, is that the spending is running far ahead of the payoff — for now.
A capex surge that dwarfs last year
The numbers are startling. Citing BlocksBridge Consulting's Miner Weekly newsletter, Cointelegraph reports that a group of 15 Bitcoin miners and AI data-center companies spent a combined $30.7 billion on capital assets in their latest 2026 reporting periods — already 42.6% more than the $21.53 billion they spent across all of 2025.
Zoom in on the miners specifically and the imbalance is stark.
Bitcoin miners are spending billions to become AI data-center operators — even as the revenue math still runs 15-to-1 against them.