Svmuu News: In a research report released on Thursday, Bernstein stated that in July, its “Bitcoin” mining industry transaction tracker recorded an average of one new AI-related transaction per week, with a combined capacity exceeding 7.5 gigawatts—equivalent to $150 billion in multi-year contracts.
Bernstein noted that as new U.S. data centers face increasing political resistance, access to power remains a practical bottleneck for the AI industry, and third-party computing capacity provided by Bitcoins mining companies will retain its value.
On Monday, Bitcoin-listed mining stocks posted double-digit gains after Hut 8 and IREN announced major AI infrastructure deals. Hut 8 announced a 15-year, $9.8 billion lease agreement for its AI data center campus, while 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 a 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; the company stated that the deal could generate approximately $19 billion in contract revenue. (Cointelegraph)