Miners Pivot to AI Compute
An investor committed $30M to accelerate Core Scientific’s shift from pure Bitcoin mining into AI data centers, highlighting miners’ growing role as energy-driven compute providers reported. Analysts note miners like MARA and Core are trading at discounts to traditional data‑center peers despite controlling critical power infrastructure.
Covalis (Gibraltar) Ltd filed) a 13F on Feb. 17, 2026 showing a new 2,080,550‑share position in Core Scientific valued at $30.29 million. Core Scientific sold) just over 1,900 BTC in January for roughly $175 million, and the company disclosed) plans to liquidate remaining bitcoin holdings in Q1 2026 to help fund its AI/HPC build‑out. Management reported) about 350 megawatts energized and roughly 200 megawatts billing as of the Q4 2025 earnings call, and the company’s 10‑K says) it is scaling toward an approximate 1.5‑gigawatt leasable pipeline for high‑density compute. Covalis also took a TeraWulf stake of 939,911 shares worth about $10.8 million [diariobitcoin.com], while other institutions such as Oaktree reported new positions (~6,400,708 CORZ shares, ~$114.8M) in recent filings [marketbeat.com].
