Bitcoin miners are increasingly transitioning to become power-first infrastructure providers as demand for distributed compute capacity surges, driven by AI advancements. The Crypto Miners Index has surged approximately 130% year-to-date, reflecting significant growth in the sector. Companies such as CleanSpark and Bitfarms are expanding their operations into AI data centers. Additionally, CoreWeave's proposed $9 billion acquisition of Core Scientific underscores the heightened interest in power and high-performance computing capabilities. The recent $40 billion sale of Aligned Data Centers by Macquarie to a BlackRock-led group further highlights the growing value placed on megawatt capacity.