Cryptocurrency and artificial intelligence are intertwining, with companies like Strategy (NASDAQ: MSTR) making a controversial pivot to Bitcoin treasury. On the flip side, crypto firms are turning to AI amid fading crypto interest and ongoing AI momentum. The move from crypto to data centers is underway, showing potential for long-term growth.
Galaxy Digital Holdings Ltd. (NASDAQ: GLXY) reported a 140% increase in trading volumes and $318 million in adjusted gross profit from digital assets. With a $1.7 billion data center project in Texas, Galaxy aims to deliver 133 MW to CoreWeave (NASDAQ: CRWV) by mid-2026, signaling a shift beyond crypto.
Bitfarms Ltd. (NASDAQ: BITF) saw a share price drop but plans to pivot toward AI and high-performance computing. A $128-million data center conversion in Washington aims to diversify the company and reduce Bitcoin exposure. Analysts are bullish on Bitfarms, predicting significant potential upside.
CleanSpark Inc. (NASDAQ: CLSK) operates at the intersection of crypto mining and data centers with over 1 GW of power capacity. The company is versatile in deploying resources for crypto and AI projects, offering a cheaper alternative with significant upside potential. Analysts see a bright future for CleanSpark.
Read more at Nasdaq: Will Crypto Miners Pivot to AI? Latest on 3 Key Players
