A May 19, 2026 report from investment bank Bernstein noted that Bitcoin (BTC) mining companies are becoming increasingly relevant in building artificial intelligence infrastructure, managing more than 27 gigawatts (GW) of energy capacity planned in the United States and signing more than $90 billion in contracts related to this field.
The analysis, sent to customers, comes after the announcement of a “joint venture” between Google and Blackstone to develop a new artificial intelligence cloud platform based on tensor processing units (TPUs), with an initial investment of $5 billion and a goal of commissioning the first 500 megawatts of capacity in 2027. This project aims to: Expand access to computing infrastructure In a situation where the demand for artificial intelligence grows faster than the expansion of available electrical capacity.
Mr. Bernstein said that Bitcoin miners Secure approximately 3.7GW capacity Agreements related to artificial intelligence primarily relate to the provision of high-performance computing services and data center infrastructure. According to the report, the main bottleneck in this sector is no longer the availability of capital or chips; Access to grid-connected energy.
In one notable case, IREN signed a contract with Nvidia worth a total of $3.4 billion. This includes: $2.1 billion to deploy artificial intelligence infrastructure. Riot Platforms has signed a colocation agreement with AMD for computing power. Additionally, Core Scientific and Hut 8 have expanded their agreements with cloud and digital infrastructure service providers.
The report also highlights that building 1 gigawatt of grid-connected capacity has the potential to: In some parts of the US it takes over 4 years, This has led large technology companies to look for operators with already available energy infrastructure. In that context, Bitcoin miners have advantages Because energy-intensive data centers are already in place.
It is worth noting that discussions about the impact of artificial intelligence on software security are a common element in the cryptocurrency ecosystem. As reported by CriptoNoticias, Vitalik Buterin said: Security can be strengthened with AI-assisted formal verification We recognize that being able to demonstrate mathematically the behavior of our code does not eliminate all risks if the system is poorly specified.
In contrast, cybersecurity figures like Charles Guilmet believe that artificial intelligence Lowers the barrier to entry for attackers And vulnerability exploitation accelerates.
The Bernstein report adds that this convergence between energy infrastructure and computing: creating hybrid agreements It combines power supply, infrastructure development and shareholding between miners and big technology companies.
At present, increasing competition for energy capacity signals structural changes in digital infrastructure that will make access to electricity more difficult. is the main advantage factor For the development of large-scale artificial intelligence, other variables such as hardware and access to financial capital will be gradually replaced.
(Tag Translation) Bitcoin (BTC)
