Bitcoin miners are increasingly leveraging their advanced equipment and low-cost energy to support the burgeoning artificial intelligence (AI) sector. As the demand for computational power soars, miners are uniquely positioned to profit from the AI boom. A JPMorgan report highlights that miners can allocate 3.6 gigawatts now, with an additional 4.5 gigawatts on the way. Despite a 13.5% drop in Bitcoin prices, miners' market value soared by 32.5% by July 3. Analysts at Bernstein have initiated coverage on Bitcoin miners Core Scientific and IREN, rating them as 'outperform' due to their hybrid bitcoin mining and AI data center strategies. Bitcoin miners control 6 GW power access, set to expand to 12 GW by 2027, and are expected to pivot 20% of their capacity to AI by then. Core Scientific and Block have also announced a project involving Block’s latest bitcoin mining chip, with Block set to supply Core Scientific with approximately 15 EH/s of new 3 nanometer ASIC mining chips.