Bitcoin Miners' AI Revenue Share Soars as Grid Constraints Bite

CoinShares reported that global digital asset investment products saw $1.65 billion in inflows during the first three trading days of the week, following a record $2.94 billion the previous week.

The influx was led by Bitcoin, which drew $976 million, while Ethereum pulled in $478 million.

CoinShares highlighted a structural shift underlying these numbers, tied to U.S. power grid constraints.

The firm noted that data center vacancy has fallen from 10% in 2019 to about 1% today, and that moratoriums and development restrictions on new facilities are at record levels nationwide.

CoinShares expects Bitcoin miners' AI revenue share to climb from roughly 30% to 70% by the end of the year, citing grid connection queues now totaling approximately 2,060 gigawatts against 1,300 gigawatts of installed capacity.