From simply "mining coins" to the wave of AI data center park expansions, are Bitcoin mining companies catching the last train of the AI computing power explosion?

On May 8, 2026, $IREN(IREN.US) disclosed signing a $34 billion AI cloud contract with NVIDIA. In the same month, $Hut 8 Mining(HUT.US) finalized a 15-year, at least $9.8 billion Texas data center lease, surging 35% afterwards!

According to a Morgan Stanley research report in May, the computing power leasing market has shown characteristics of a "seller's market," with increasing pricing power. Major clients are willing to accept higher prices and advance payments to lock in capacity: they seem not to limit themselves to fully betting on computing power companies like CRWV and NBIS, but are also targeting the OG players who initially built computing power to mine Bitcoin and have years of data center management experience.

These companies, inherently carrying a mix of computing power and crypto alpha, are waiting for the secondary market to reprice them!

(1) Benefiting from the upward recovery of the crypto market, gaining alpha returns from their own coin holdings.

(2) Benefiting from the visibility of long-term computing power contracts, accelerating business transformation, and ushering in a revaluation of their value.

So, which other companies might be locked into long-term computing power contracts by major players in advance? See the stock list!

Sector ETF: $Valkyrie Bitcoin Miners ETF(WGMI.US)

Leading Representatives: $IREN(IREN.US) (largest market cap), $Cipher Digital(CIFR.US)$Riot Platforms(RIOT.US)$Hut 8 Mining(HUT.US)$Terawulf(WULF.US)

Industry Financier/Lender: $Galaxy Digital(GLXY.US)