# Bitcoin Miners Redirect Capacity as AI Workloads Reshape Operations By Simon Yoon Canonical URL: https://www.tokenpost.com/news/technology/27917 Published: 2026-10-08T09:52:59.000Z Updated: 2026-10-08T09:52:59.000Z Section: Technology > WULF has fallen 51.7% from its 2026 high, while IREN and TeraWulf shift power and data-center capacity toward artificial intelligence and high-performance computing workloads. Bitcoin mining stocks have retreated as companies and investors place greater value on miners’ power and data-center capacity for artificial-intelligence workloads. WULF closed at $14.40 on Oct. 7, down about 51.7% from its 2026 high of $29.84 reached June 22. IREN reached $67.84 on May 27. The companies are redirecting capacity away from Bitcoin mining toward high-performance computing and AI services. IREN began decommissioning Bitcoin-mining hardware and reallocating power and data-center capacity to its AI Cloud Services business during the fiscal year ended June 30. It aims to substantially complete the transition by Dec. 31. “During the year ended June 30, 2026, we commenced decommissioning Bitcoin mining hardware and reallocating power and data center capacity toward AI Cloud Services,” IREN said. IREN generated $578.2 million in Bitcoin-mining revenue and $128.8 million in AI Cloud Services revenue during the year. Its installed mining capacity stood at about 23.2 exahashes per second, using roughly 380 megawatts of data-center capacity. IREN held no Bitcoin on its balance sheet as of June 30. TeraWulf had 145 megawatts of energized legacy Bitcoin-mining capacity and 81 MW of critical information-technology high-performance computing capacity at its Lake Mariner campus as of June 30. Its high-performance computing lease revenue reached $31.9 million for the quarter. TeraWulf mined 179 Bitcoin (BTC) during the quarter ended June 30, down from 485 BTC in the same period a year earlier. Its holdings declined to two BTC, with a fair value of $133,000, from three BTC valued at $270,000 at the end of 2025. Mining profitability is shaped by BTC’s market value, network conditions, electricity expenses, machine performance and operating availability. Network difficulty fell 0.03% to about 132.72 trillion on Oct. 3 at 3:16 a.m. ET (07:16 UTC), while estimated network hashrate stood at 986.07 exahashes per second. The companies’ strategies reflect a broader shift toward hybrid infrastructure businesses that combine mining with data-center operations. [Bitcoin miners are shifting power to AI data centers]() as operators repurpose facilities and pursue computing demand beyond Bitcoin mining. IREN’s planned transition is scheduled to be substantially complete by Dec. 31. ## Links in this article - [Bitcoin miners are shifting power to AI data centers](https://www.tokenpost.com/news/technology/23482)