Miners Sell Their Power to AI
Energized grid capacity built for bitcoin mining will keep shifting to AI and high-performance computing, concentrating hashrate among fewer operators and tying mining economics to the AI capital cycle.
forming · confidence 40 · Emerging (watchlist) · tracking since October 13, 2026 · updated October 13, 2026
Why the conviction moved
- Oct 13Strengthened +4
Binance will close its mining pool on November 10. SWI Group raised €800M for an AI platform that includes Genesis Digital Assets' mining sites and their 1.3GW of grid connections, which it plans to convert to AI workloads. This is grid capacity built for mining moving into AI compute.
Source trail
Supporting · October 13, 2026
Binance Will Close Its Mining Pool on November 10 as Former Bitcoin Mining Sites Are Converted to AI Computing
Binance will close its mining pool on November 10. SWI Group raised €800M for an AI platform that includes Genesis Digital Assets' mining sites and their 1.3GW of grid connections, which it plans to convert to AI workloads. This is grid capacity built for mining moving into AI compute.
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