The AI Infrastructure Stack
Overview  /  Tier III Physical Data Center  /  Layer 05: Data Center Real Estate
Sub-category 5.3

Miner-to-AI Pivots

Bitcoin miners with powered substations, converting some/all capacity to AI hosting. Wide range of execution quality.

Players

Players: Core Scientific CORZ (CoreWeave anchor), Applied Digital APLD, Iris Energy / IREN IREN, TeraWulf WULF, Cipher Mining CIFR, Hut 8 HUT, Hive Digital HIVE, Galaxy Digital GLXY, Bitfarms BITF, Riot Platforms RIOT, Marathon Digital MARA, Bitdeer BTDR

Analysis coming soon — this page is scaffolding for deeper research into miner-to-ai pivots.