Bitcoin Miners’ $100B AI Bet: Who Is Getting Paid?
Photo: Coindoo
Key Takeaways Only about 550 MW of 4 GW billing. Core Scientific now bills roughly 485 MW. Hut 8’s first new data halls target 2027. IREN’s $4B contracted ARR is not booked revenue. The figures come from CoinShares’ Q2 Bitcoin mining report , published September 15, which covers 12 listed miners. A backlog that is mostly still under construction CoinShares puts the sector’s disclosed AI backlog above $100 billion. At the end of June, that backlog was producing around $1.1 billion of annualized AI and high-performance computing revenue.
Source: Coindoo
