Miners Secure $15B AI Contracts as Hashrate Hits 900 EH/s and BTC Nears $73k

Bitcoin miners are now monetizing power infrastructure through multi-billion-dollar AI hosting deals, marking the latest evolution in a week-long pivot away from pure mining. The shift accelerated after May 25 reports of prohibitive AI costs at firms like Uber, followed by DMG Blockchain’s May 27 pivot announcement amid weak mining revenue. By May 28 the network hashrate reached 900 EH/s with BTC near $73,335, and on May 29 Cipher and IREN disclosed $5.5 billion and $9.7 billion AI contracts respectively, signaling that powered campuses now command far higher valuations than ASIC operations alone.