
Bitcoin Miners AI Pivot Doubles Valuations Despite Bitcoin’s 45% Price Drop
Bitcoin’s price has been sliding for months, but you wouldn’t know it by looking at the miners who bet on artificial intelligence instead of pure crypto mining. The bitcoin miners AI pivot that started quietly a few years ago has turned into one of the more consequential capital-allocation stories in the crypto-adjacent stock market, rewarding companies that redirected their power infrastructure toward AI and high-performance computing while pure-play miners watch their margins shrink. Key takeaways Miners with AI and HPC contracts trade at 12.3 times enterprise value, versus just 5.9 times for pure-play bitcoin miners, according to CoinShares. Bitcoin’s price…







