The broker said bitcoin mining still drives nearly all sector revenue even as the narrative shifts toward AI.

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The burgeoning demand for artificial intelligence, a computational arms race among hyperscalers, has illuminated a critical bottleneck: access to reliable, scalable power. This very challenge, as discussed by CleanSpark CEO Matthew Schultz with CNBC’s Jordan Smith, is precisely where Bitcoin miners like CleanSpark find their strategic advantage. Their conversation unveils a nuanced pivot, not merely […]

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The bitcoin miner turned AI infrastructure firm will co-develop a 168 MW data center in Texas, with long-term revenue locked in.

The Wall Street broker said Hut 8’s shift to energy infrastructure from bitcoin mining makes it a unique bet on AI, HPC and future power-hungry technologies.