Bitcoin Miners Bet Billions on AI as Revenue Trails 15-to-1
Nine public Bitcoin miners spent $5.11 billion on capital assets in the first half of 2026 while earning $341.2 million from artificial intelligence and high-performance computing.
Bitcoin, markets and the ideas moving crypto.
18 stories · 27 May 2025 – 23 Aug 2026
Nine public Bitcoin miners spent $5.11 billion on capital assets in the first half of 2026 while earning $341.2 million from artificial intelligence and high-performance computing.
Russia banned crypto mining and mining-pool activity in Moscow, the Moscow Region and parts of Kursk from 15 August 2026 until the end of 2032.
Riot Platforms signed a 20-year lease to supply 191 megawatts of computing capacity from its Rockdale, Texas campus, a deal expected to generate about $9.1 billion.
Bitcoin split at block 961,632 on 8 August 2026 after nodes backing BIP-110 rejected a non-signalling block.
BIP-110, a proposed one-year limit on non-financial data in Bitcoin, faces an early-August activation deadline with miner support at zero.
SBI Crypto will shut down its Bitcoin mining pool on July 31, 2026, ending a service that handles about 2% of the network's hashrate.
Russia's Government Decree No. 556, dated 16 May 2026, adds IP address fields to crypto mining registry records from 30 May.
Riot Platforms sold 3,778 BTC in Q1 2026 for net proceeds of $289.5 million.
Cango Inc. posted a net loss of $452.8 million in 2025, its first full year as a Bitcoin miner.
American Bitcoin Corp director Richard Busch bought 68,000 Class A shares on 05 March 2026.
Bitdeer has sold its entire 1,132.9 BTC treasury to fund AI and high-performance computing data centers.
Brazil’s foreign trade council has set import duty at 0% for a narrow class of high‑efficiency Bitcoin mining servers until January 2028.
Bhutan sold over $22 million in Bitcoin this week in two transactions to QCP Capital.
Tether released MiningOS on 2 February 2026, an open-source operating system for Bitcoin mining.
Japan launches national Bitcoin mining pilot, using Canaan's hydro-cooled rigs to absorb surplus renewable energy and balance utility grid loads.
Galaxy Digital is investing $460 million to convert its Texas Bitcoin mining site into a large-scale AI data center.
Cipher Mining agreed to a $3B AI hosting deal with Fluidstack.
Ethiopia is transforming its surplus hydroelectric energy into Bitcoin profits, now earning nearly a fifth of its power income from crypto mining.