Bitcoin minors turned to the upward trend of AI before the reduction by half of 2024, which reduced block rewards to 3.125 bitcoin (BTC).
Some have just plunged the toes, while others plunged more deeply, reusing platforms, increasing credit and signing $ 1 billion agreements.
But how is this delay in reality? In some cases, this decision was a rescue buoy that generates essential income as their Bitcoin income has dropped. For others, it is more a safety net that can amortize future shocks in half.
Here is an overview of what has happened to the largest cryptographic mining companies since their IA pivot.
Ai Pivot saved this bitcoin minor
Core Scientific is among the biggest renaissance stories for Bitcoin minors whose pivot of AI has saved its affairs in difficulty.
The company filed a record of chapter 11 at the end of 2022. It appeared at the beginning of 2024 to put in place on the NASDAQ, then went from a pure bitcoin minor to a reaper provider by renting data centers to IA companies. He signed an agreement of $ 3.5 billion over 12 years with Coreweave in June 2024 to accommodate Corewave High Performance IT operations (HPC).
Core Scientific said that his first quarter revenues fell to $ 79.5 million against $ 179.3 million a year earlier. He quoted the bitcoin of the reward of the award and the operational transition to HPC accommodation as the main reason for the drop in income. An increase in the price of bitcoin since the reduction in half has compensated for some of the losses.
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At the end of June 2025, Coreweave resumed the talks to acquire Core Scientific, following an attempted repurchase of $ 1 billion in 2024. The news of the renewed negotiations sent the revocation of Core Scientific shares.
AI remains a stampede for most bitcoin minors
The ambitions of Hut 8 AI took shape in September 2024, when the company officially launched its GPU-A-A-Service offer via a new subsidiary, Highrise AI.
The pivot has seen Hut 8 deploy more than 1,000 GPU NVIDIA H100 – specialized fleas widely used for the training and execution of AI models – to pilot its AI calculation services based on the cloud. The launch came with a fixed remuneration contract and five -year income, as the income of Bitcoin minors tightened after the rambling event of April 2024.
In the first quarter of 2025, the company’s Bitcoin exploitation produced 167 BTC, down 716 BTC the previous year. Although the company posted a quarterly net loss of $ 134.3 million, its CEO, Asher Genoot, said its financial performance was the result of deliberate investment that resulted in a 79% increase in its hashrate. It also contains 10,273 BTC, which is the ninth bitcoin treasure of the public listed company.
The AI remains a small part of the Hut 8 business model while the company continues to extend its Bitcoin activity. More recently, American Bitcoin, a subsidiary belonging to the majority of Hut 8, announced an increase of $ 220 million to buy Bitcoin operating equipment. The sons of American president Donald Trump are among the founders of American Bitcoin, whose majority participation in the firm at the end of March.
AI is an increasing income pie for these bitcoin minors
Bitcoin minors like Iren and Hive are starting to see significant IA income, even if the mining still dominates their books.
At the beginning of 2024, the Australian minor Iren (formerly Iris Energy) began to buy Nvidia GPUs. In February, he signed his first AI contract propelled by 248 GPU. In mid-2025, the company deployed about 4,300 GPUs. During the financial year 2025 (completed on March 31), Iren undermined 1,514 BTC, against 1,232 BTC the previous quarter.
Meanwhile, AI cloud income increased by $ 33% to $ 3.6 million. The company also prepares an AI data center for Liquid in Texas and a site specially designed in British Columbia, Canada, capable of accommodating up to 20,000 GPUs. However, a collective appeal lodged in October 2024 allegedly alleged that Iren misleaded investors on the preparation of his establishment in Texas.
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Hive began his Change of AI in mid-2023 with a brand change in the Hive Blockchain and an accent on the clusters of calculations powered by Nvidia. After small -scale early deployments, Hive invested $ 30 million in December 2024 to deploy GPUs in Quebec, Canada. In mid-2025, more than 5,000 units was deployed.
For its 2025 exercise, Hive generated $ 115.3 million in revenues, with $ 10.1 million – triple the previous year – IA and HPC accommodation. This now represents almost 9% of total income.
The best Bitcoin Miner vouchers are not the best performers
The Riot and Mara Holdings platforms are two of the most important names in Bitcoin’s exploitation, but the two are now launching the basics of a post-mine future.
Riot began to explore the workloads of AI and HPC at the beginning of 2025, launching a formal assessment to convert 600 megawatts to its installation in Corsicana, Texas, in high -performance infrastructure. The quarter of work came with a break on a new bitcoin extraction construction on the site. Riot has not yet signed major IA contracts, but its Corsicana site – covering 355 acres and finally capable of managing 1 Gigawatt of power – positions it well to attract hyperscalers in the future.
Riot remains financially strong in Bitcoin. In the first quarter of 2025, it extracted 1,530 BTC, generating $ 142.9 million in mining income – double its turnover of $ 71.4 million in the first quarter of 2024. Riot awarded the gain at higher prices of Bitcoin and an increase in operational hashrate. It also contains 19,225 BTC, making it the fourth largest business bitcoin support in the world.
Mara has the largest Bitcoin treasure among minors and is the second after microstrategy among all public companies with 50,000 BTC.
In March 2024, Mara revealed her 2PIC700 mara, an immersion cooling system designed for dense calculation workloads, including artificial intelligence and cryptography. In mid-2024, the company renamed its wider strategy as a “Edge Computing” game.
At the beginning of 2025, Mara began to pilot two HPC test sites, each managing around 30 megawatts using her 2PIC700 cooling system.
The pivot has not yet been translated as major cash flows or recurring cash flows for the two Bitcoin producers, but their Bitcoin balance shows why they are not desperate to diversify the expansion of AI.
The bitcoin minor who abandoned the AI
While many Bitcoin extraction companies are looking at AI and high performance IT, the ASIC Canaan manufacturer is heading in the opposite direction. In July 2025, the company announced that it closed its Puces AI division.
With only 2.1% of the World ASIC market, Canaan remains a small player compared to Bitmain or MicroBT.
By focusing squarely on the material exploitation and the continuation of long -term resilience in North America, it stimulates a separate path in a sector otherwise in love with AI.
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