AI companies are actively acquiring the power infrastructure of Bitcoin mining firms, driving the transformation of miners into AI data centers, and have disclosed billions of dollars in investments and equipment orders. SWI Group, after gaining control of Bitcoin miner Genesis Digital Assets, announced an €800 million capital increase on October 12 to expand its AI infrastructure business, and disclosed approximately $1 billion in NVIDIA equipment orders. Meanwhile, Core Scientific has written down $266.5 million in mining equipment, but its AI hosting business has become profitable. Its contract with AI cloud service provider CoreWeave indicates that miners bear the construction and delivery risks during the transition, with power connectivity becoming their core value.