Crypto Biz: Is AI the exit strategy for miners?
Bitcoin mining is shifting from a pure BTC-price bet toward an AI and data-center infrastructure play. As mining margins tighten and AI demand surges, miners are valuing power access and facilities more than hash rate, with firms like HIVE Digital, Hut 8, CleanSpark, and TeraWulf repurposing infrastructure for high-performance computing. Nvidia’s reported $20 billion bond sale to fund AI expansion further reinforces this trend. In crypto markets, tokenized real-world assets keep growing despite the downturn: onchain financial assets topped $43 billion, up 37% in six months, with tokenized funds dominating the sector. Ripple also deepened its Africa push by investing in Flutterwave, bringing RLUSD, Ripple Payments, and XRP Ledger infrastructure to the payments company. Meanwhile, Sam Bankman-Fried lost his appeal, with a court upholding his fraud conviction and 25-year sentence.
