Bitcoin miners find hope in Big Tech’s $500B AI spending spree
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Big Tech companies’ planned $500 billion war chest to dominate artificial intelligence could offer a lifeline to a Bitcoin mining industry teetering on the edge of capitulation. The headline numbers are eye-watering. Alphabet, Google’s parent, alone plans to spend as much as $185 billion this year. However, the capital surge will involve more than buying chips and servers, as Microsoft and Meta are also increasing AI budgets. This means that the real race is now being fought over physical infrastructure, including pipelines, grid interconnections, and the scramble to secure large blocks of power capacity. Thus, the projected spending will reshape power markets and put a premium on the one asset distressed Bitcoin miners still control: “ready-to-run” energy infrastructure. For Bitcoin miners seeking to reinvent themselves as data center landlords, this spending surge presents a massive growth opportunity precisely when their core business is under siege. Related Reading Google parent Alphabet invested $1.5B into blockchain startups since September 2021 Over $6 billion was invested in blockchain startups by 40 public companies since September 2021, Google led the pack with $1.5 billion. Aug 17, 2022 · Christian Nwobodo A mining industry under severe financial stress The timing of these firms’ planned spending surge matters because miners are operating under some of the weakest economic conditions in Bitcoin’s history. Data from CryptoQuant indicate that the recent market correction has pushed miners into what the firm describes as a phase of “miner capitulation,” a period marked by acute financial stress that has historically coincided with local market bottoms. The pressure is visible across multiple indicators. CryptoQuant’s Miner Profit/Loss Sustainability metric has fallen to -30, indicating that miners’ daily revenue in US dollar terms is approximately 30% lower than it was 30 days earlier. Bitcoin Miner Profit and Loss Sustainability (Source: CryptoQuant) The indicator has…
Filed under: News - @ February 6, 2026 5:28 pm