Crypto companies, especially bitcoin mining concerns, increasingly find themselves in high demand as acquisition targets in the U.S., but not for the reasons one would think. Their data centers, with access to fiber lines and large amounts of power are exactly the types of facilities needed for compute-intensive AI. Core Scientific expanded its partnership with CoreWeave to supply AI computing infrastructure, while Hut 8 and Bit Digital are also pivoting towards AI by investing in Nvidia GPUs and securing financing for data center expansions.
Crypto catches M&A frenzy as bitcoin miners chase AI boom
