COINDESK · 2026-10-27 13:19 UTC

Bitcoin miners' move into AI is creating a new market for trading computing power

Bitcoin mining companies are diversifying into AI by renting computing power and converting facilities into data centers, with Luxor Technology raising $16 million to expand its AI hardware brokerage and computing-power trading business. Publicly traded bitcoin miners signed over $70 billion in AI and high-performance computing contracts by end of March, though some miners like NIP Group (NIPG) are increasing mining capacity instead. Luxor is developing financial contracts for future computing prices and launched a price index tracking Nvidia AI server costs to address transparency issues in…

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