Data Center

Wall Street’s semiconductor-driven surge is fueling fresh momentum for crypto miners betting their power-heavy infrastructure can support the AI boom.

WULF shares surged on Tuesday after the Bitcoin miner announced its latest move to expand into AI and HPC through a multi-phase buildout through 2030.

Bernstein says miners control 27 GW of planned power and $90 billion in AI deals, giving them a strategic edge as electricity becomes the main constraint on data center growth.

Hosting revenue outpaced mining as new capacity came online, highlighting Soluna’s shift toward data centers for AI and high-performance computing.

Riot Platforms reported $167.2 million in Q1 2026 revenue, with its new data center business contributing $33.2 million as Bitcoin mining income fell.

Mike Novogratz's Galaxy Digital posted a $216 million first-quarter loss as weaker crypto prices hit asset values, while Helios data center revenue nears.

The miner plans to refinance short-term debt and scale its US infrastructure as the broader industry pivots toward AI and high-performance computing.

Jane Street said it needs GPU-based computing power to keep its trading and research operations competitive amid growing adoption of AI.

Bitcoin mining is becoming more centralized while AI may move the opposite way, driven by edge computing and open-source models.