Major U.S. public Bitcoin miners including Cipher Digital, Bitfarms, and Core Scientific are selling Bitcoin holdings and rebranding to chase AI/HPC leases with hyperscalers like Microsoft and Google, amid industry-wide profitability challenges.
Hut 8 secured a Google-backed partnership with Anthropic and Fluidstack to build up to 2.3 gigawatts of AI data center capacity in the U.S., sending its shares sharply higher.
In Jay Azhang's real-money AI trading experiment, Qwen3's 20x Bitcoin long yields top returns, exposing weaknesses in closed-source Western AI from giants like xAI, Google, and OpenAI.