Bitcoin Miners Pivot to Power the AI Boom
Bitcoin miners spent the last two years building an entirely different kind of business, according to a CoinShares webinar held on Tuesday. They no longer just run machines that verify bitcoin transactions.
WGMI Bitcoin Mining ETF Expands Into AI Power Race
Bitcoin mining facilities were built to crunch numbers for cryptocurrency. Now they're some of the most sought-after real estate in the artificial intelligence boom.
Bitcoin Miners Already Owned What the AI Economy Is Short Of
Listed miners have announced more than $70B in AI and high-performance computing contracts. For advisors, that turns a one-dimensional bitcoin proxy into something closer to a digital power infrastructure allocation.
Bitcoin Is Down 44% and Its Miners Are Up 90%. The AI Pivot Explains Everything.
The Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) is up 97% over the past year even though bitcoin has lost 46% of its value in the same window.
WGMI vs IBIT: Bitcoin Miners or Spot Bitcoin for Crypto Exposure?
The Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) and the iShares Bitcoin Trust ETF (NASDAQ:IBIT) both market themselves as ways to play Bitcoin, but the past twelve months have exposed how little they actually have in common.
Some Analysts See Big Upside for These WGMI Holdings
The CoinShares Bitcoin Mining ETF (WGMI) is one of the premier ETFs for investors seeking a broad basket of cryptocurrency miners. It's tapping into the artificial intelligence (AI) infrastructure craze, a potential boon for investors at a time when Wall Street is increasingly bullish on companies committing to the crypto mining-to-AI transition.
Bitcoin Miners Shift Focus to AI Data Centers
Key Takeaways: Bitcoin miners are pursuing over $70 billion in AI data center contracts to diversify revenue streams. Mining companies could generate 70% of revenue from AI by year-end, up from 30% currently.
Bitcoin Miners Face Worst Profit Squeeze in 2 Years
Bitcoin miners are enduring their most challenging profitability environment in two years. A steep drop in bitcoin's price has pushed production costs for many operators above what they can earn from mining the digital asset.
Miners May Be Providing Clues About What's Next for Bitcoin
Attempting to identify reasons to be bullish on bitcoin in the current environment feels a lot like grasping for straws. True, the largest cryptocurreny is behaving like a falling knife.
Wall Street Likes Some WGMI Top Holdings
When accounting for Bitcon's massive tumble, easily one of the most pleasant ETF surprises to start 2026 is the CoinShares Valkyrie Bitcoin Miners ETF (WGMI). As of midday Monday, WGMI was higher by 13% since the start of the year.
Anthropic Capital Raise Sparks This ETF
Cryptocurrency miners pivoting away from or reducing dependence on that business landed more encouraging news on Tuesday. There are reports that privately held artificial intelligence (AI) giant Anthropic is close to raising a massive sum of capital.
VIDEO: ETF of the Week: WGMI
On this episode of the “ETF of the Week” podcast, VettaFi's Head of Research, Todd Rosenbluth, discussed the CoinShares Bitcoin Mining ETF (WGMI) with Chuck Jaffe of Money Life. The pair discussed several topics related to the fund to give investors a deeper understanding of the ETF.
