A new CoinShares report shows that Bitcoin mining is still adjusting after a difficult first half of 2026. Network hashrate remains well below its long-term trend, while tighter mining margins are pushing several large operators to devote more power and infrastructure to AI and high-performance computing.
Terawulf Inc. plans to raise $3 billion to expand its data centers, backed by Google’s $3.2 billion commitment. The move highlights the growing diversification of the cryptocurrency mining industry and its allure to capture the interest of tech behemoths like Google.
Cipher Mining announced a $3 billion, ten-year HPC colocation deal with Fluidstack, backed by Google’s $1.4 billion investment.
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