The artificial intelligence (AI) sector is witnessing unprecedented growth, driving a massive demand for data center capacity, GPU chips, and electricity. With 83% of data center space under construction already pre-leased, AI companies are turning to crypto miners for infrastructure solutions.

Crypto miners, equipped with vast data centers and high-powered GPUs, offer a viable alternative for AI firms struggling with resource shortages. For instance, Core Scientific's partnership with AI startup CoreWeave is projected to generate $3.5 billion over 12 years. This trend has positively impacted the market, boosting shares of companies like TeraWulf Inc. by 22%.

Adapting to these changes, many crypto miners are converting their facilities to support AI needs. This shift is driven by the decreasing profitability of crypto mining and the higher value of data centers for AI applications. Major players like Northern Data AG and Hive Digital Technologies Ltd. are investing in specialized hardware to sell computing power to AI clients.

The AI boom has transformed the data center business, attracting significant interest from tech giants and investors. As AI continues to expand, the synergy between AI companies and crypto miners is expected to grow even stronger.