CoinShares Bitcoin Mining ETF (WGMI) has surged over 80% year-to-date as many cryptocurrency miners transition into AI data center operators. This shift is driven by the weakening cryptocurrency market and the rising demand for AI infrastructure, with companies leasing mining capacity to hyperscalers and GPU tenants. WGMI's active management allows it to focus on firms successfully making this AI pivot, benefiting investors amid structural changes in the crypto mining industry. Key holdings like IREN, Core Scientific, and TeraWulf are leading this transformation, with TeraWulf recently announcing a new 1 gigawatt AI facility, highlighting ongoing growth potential.
IREN has transformed from a Bitcoin mining company into a leading AI cloud platform, driving its stock up 511.84% in the past year. Despite a weak Q3 FY2026 report with revenue missing estimates and a large net loss due to non-cash impairments, the c...
IREN Limited is transforming from a mining company into an AI infrastructure provider, driving rapid growth through expanding capacity, customer base, and capital investments. Its AI revenue soared 839% year-over-year to $33.6 million in Q3 2026, now...
