- Bitcoin has surged past $72,000 after gaining more than 13% this week in the presence of bullish sentiment.
- The capital expenditure for AI for 19 bitcoin miners is at $5.11 billion despite earning only $341.2 million as their revenues from AI.
- AI and HPC revenues rose by 52% in Q2 despite continued massive spending by miners in data centers’ infrastructure.
The investment of Bitcoin miners in artificial intelligence and HPC technologies is growing due to the recent break out of Bitcoin above $72,000.
The move in Bitcoin has strengthened the market backdrop for companies that continue to operate mining businesses, while their shift toward AI infrastructure has required substantial capital spending.
Data from BlocksBridge Consulting shows that 15 Bitcoin miners and AI data-center companies spent a combined $30.7 billion on capital assets during their latest 2026 reporting periods, already 42.6% higher than the $21.53 billion spent throughout 2025.
Bitcoin Miners Increase AI and HPC Investment
The capital spending figures highlight the scale of investment required as Bitcoin miners develop businesses outside traditional cryptocurrency mining. BlocksBridge Consulting calculated capital spending using cash purchases and allocations toward hardware, property, equipment and other productive assets, while accounting for proceeds and refunds from asset sales.
Compared to nine similar Bitcoin miners, capital expenditure amounted to $5.11 billion in the first half of 2026. Reported revenue from AI/HPC was $341.2 million in the first half of 2026. Based on those figures, the capital spending-to-revenue ratio was approximately 15-to-1.
AI and HPC revenue increased during the second quarter, however. The nine companies generated $205.8 million from those operations, representing a 52% increase from the previous quarter. Core Scientific, TeraWulf and Bitdeer were among the companies reporting increases in AI and HPC revenue.
The figures show that revenue from the new businesses has been increasing while the associated infrastructure investment remains substantially larger.
Bitcoin Miners Face High Infrastructure Costs
BlocksBridge Consulting reported that access to power contracts and available land can provide Bitcoin mining companies with starting resources for developing AI data-center capacity. However, converting those resources into facilities capable of supporting AI workloads requires additional infrastructure.
The reported requirements include substations, buildings, cooling systems and networking equipment. Some business models also require GPUs. These investments contribute to the large capital expenditures recorded by the companies as they develop AI and HPC operations.
The spending comes as Bitcoin mining companies continue to maintain significant mining operations while pursuing alternative sources of revenue. The data therefore places the AI transition alongside the existing capital requirements of the mining industry rather than showing a completed shift away from Bitcoin mining.
CoinShares also announced a strategy change for its industry-tracking exchange-traded fund during the week, reflecting the growing focus on AI and HPC within the sector.
Bitcoin Breakout Pushes Price Above $72,000
Bitcoin has also recorded a significant price move during the period covered by the data. The cryptocurrency rose more than 13% during the week and moved back above $72,000. The 4-hour chart showed a breakout from the $63,000-$64,500 consolidation zone.
Bitcoin was trading around $72,360 to $72,429 in the cited technical readings, with one reading showing a 5.24% gain. Price was positioned above the 20-, 50-, 100- and 200-period exponential moving averages, indicating that the shorter-term price remained above the longer-term trend measures.
Source: Trading View
The move also placed Bitcoin above the upper Bollinger Band. The RSI for technical reading was 89.79, while the rising midline of Bollinger was signaling increasing momentum.
Resistance level was set at $72,500-$73,000 and then $74,000. A sustained four-hour close above $73,000 could support a move toward $74,000 and higher. The $70,000 and $68,000 levels were identified as key support areas, while the 20 EMA stood near $67,646.
The earlier $63,800-$64,500 resistance area was also identified as a potential demand zone following the breakout. A retreat toward $70,000-$68,000 would therefore place Bitcoin back near the stated support levels.
Treasury Buybacks Add to Market Backdrop
Bitcoin’s recovery above $72,000 followed a U.S. Treasury announcement concerning long-term bond buybacks. The Treasury said it would at least double the maximum size of its long-term bond buybacks to $4 billion per operation.
The move initially pushed Treasury yields lower and supported increased risk appetite, according to the information provided.
For Bitcoin, the announcement coincided with a weekly gain of more than 13% and the return above the $72,000 level. The price move occurred alongside continued investment by Bitcoin miners in AI and HPC infrastructure.
FAQs
How much did the companies spend on capital assets in 2026?
The 15 Bitcoin miners and AI data-center companies tracked by BlocksBridge spent a combined $30.7 billion during their latest 2026 reporting periods.
How much did nine miners spend in the first half of 2026?
Nine comparable Bitcoin miners spent $5.11 billion on capital assets during the first half of 2026.
How much AI and HPC revenue did the nine miners report?
The nine miners generated $341.2 million in directly reported AI and HPC revenue during the first half of 2026.
