Bitcoin miners Keel and HIVE shares jump as they shift focus to AI infrastructure investments.

Bitcoin mining companies Keel Infrastructure and HIVE Digital Technologies saw their shares rise sharply after announcing major moves to pivot from Bitcoin mining to artificial intelligence (AI) and high-performance computing (HPC) infrastructure. Keel sold its Paraguay mining site for about $13 million to fund its AI pipeline, focusing solely on North America. HIVE raised $115 million through zero-coupon notes to invest in GPUs and data center development for AI workloads. This shift aims to diversify revenue away from volatile Bitcoin mining to steadier AI contracts, reflecting a broader industry trend toward AI and HPC infrastructure.