ResearchApr 6, 2026
Crypto Miners Pivot to AI Data Centers —TeraWulf, Applied Digital, IREN, Core Scientific Repurpose for AI Compute
Former crypto-mining companies including TeraWulf, Applied Digital, IREN, Core Scientific pivot to AI data centers leveraging legacy power contracts; attracting hyperscale tenants; Bitfarms pivoting to 2.2GW AI/HPC pipeline; Riot Platforms sold 3,778 BTC ($289.5M) in Q1 2026 to fund AI infrastructure shift.