Bitcoin Miners to Rely Heavily on AI Revenue Amid Power Grid Constraints

Bitcoin miners could see up to 70% of their revenue come from artificial intelligence-related operations by year-end, according to CoinShares. Currently, AI-related activities account for around 30% of listed Bitcoin miners' revenue.

The firm's prediction is based on the increasing constraints on the U.S. data-center power grid, which will make it more valuable for infrastructure that already has access to electricity. This shift in revenue mix could have significant implications for the industry as a whole.

Separately, digital asset investment products attracted $1.65 billion during the first three trading days of the week, following $2.94 billion in inflows the previous week. The largest weekly total of the year, this influx has pushed year-to-date flows back into positive territory at $3.4 billion.

The allocations have also lifted total AUM across crypto exchange-traded products to around $155 billion. Bitcoin products drew $976 million of the latest inflows, while Ethereum accounted for $478 million.