Industry-wide, announced AI infrastructure contracts in the mining sector range from $65B to $90B as of mid-2026, according to VanEck. AdvertisementOnly about 25% of the AI capacity that miners have leased has actually been brought online as of mid-2026. The long-run figure is even starker, with up to $221B required to meet the full scope of announced infrastructure ambitions. Post-halving dynamics, combined with an all-time high network hashrate and compressed hashprices, have made straight Bitcoin mining a difficult business. Many miners are responding by selling their Bitcoin holdings to fund the pivot toward AI infrastructure.