Bitcoin Miners’ AI Pivot Accelerates Amid Insider Scrutiny.

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Publié le 11 July 2026

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The Bitcoin Miners’ AI Pivot Accelerates: MARA Signs 2 GW in Texas, TeraWulf Raises $3.5B for Anthropic — but Insider Scrutiny Intensifies

The strategic shift of Bitcoin miners toward artificial intelligence is entering a decisive phase. As the price of Bitcoin hovered around $63,800 on July 10, 2026 — before edging up slightly to $64,059 in the following hours — several major mining players unveiled announcements of unprecedented scale, confirming that the convergence between cryptocurrency mining and intensive computing for AI is no longer a hypothesis but an industrial reality in motion.

Within a few days, three major developments reshaped the landscape: MARA Holdings secured a deal for 2 gigawatts of infrastructure in Texas, TeraWulf committed to a debt raise of $3.5 billion for a data center linked to Anthropic, while Bitdeer saw its stock jump 14%. Taken together, these three signals point to a spectacular acceleration of miners’ strategic pivot toward artificial intelligence.

Yet this highly optimistic picture has its downside. Investor vigilance is growing in the face of insider sales observed at several companies in the sector, raising questions about the sustainability of this pivot and the governance of the firms executing this transition.

MARA Holdings: A Titanesque 2 GW Agreement in Texas

The most striking announcement of this sequence is undoubtedly that of MARA Holdings. The company, one of the largest publicly listed Bitcoin miners, has concluded an agreement covering 2 gigawatts of infrastructure capacity in Texas. This is not a simple expansion of mining operations: this computing power is explicitly intended to support workloads related to artificial intelligence, marking a major strategic inflection point for the group.

Texas has established itself as the epicenter of the convergence between crypto mining and AI. The U.S. state offers a rare combination: a deregulated power grid, an abundance of renewable energy (wind and solar), and a favorable regulatory framework. For MARA, acquiring these 2 GW of capacity represents a considerable leap forward, far exceeding the traditional needs of Bitcoin mining and opening the door to high-performance computing services for AI companies.

MARA’s stock immediately reacted positively to this news, recording a significant gain. Investors see in this deal a validation of the miner’s diversification strategy, which is no longer content with securing hash rates for the Bitcoin blockchain but seeks to monetize its energy and technical infrastructure in the booming AI market.

This operation fits into a broader trend where Bitcoin miners transform their data centers into versatile platforms capable of executing both mining calculations and AI workloads. Operational flexibility is becoming a strong argument with investors, who view this dual capacity as a buffer against Bitcoin price volatility.

TeraWulf and the $3.5 Billion Bet on Anthropic

In the same movement, TeraWulf made an announcement that captured market attention. The company is considering a debt raise of $3.5 billion to finance the construction of a data center dedicated to Anthropic, one of the most prominent companies in the field of generative artificial intelligence. The link with Anthropic — creator of the Claude model — gives this operation a particularly strategic dimension.

This project illustrates how Bitcoin miners are repositioning themselves as infrastructure providers for the AI sector. Rather than competing with cloud computing giants (AWS, Google Cloud, Azure), these companies bet on their expertise in managing large amounts of energy and heat generated by specialized processors — know-how directly transferable to the needs of AI data centers.

The $3.5 billion debt raise represents a considerable financial bet for TeraWulf. The amount is commensurate with the stakes: data centers needed for training and inference of next-generation AI models require massive investments in electrical infrastructure, cooling systems, and network connectivity. For a Bitcoin miner, whose traditional business model relies on relatively thin margins and direct exposure to Bitcoin’s price, such debt is not without risk.

However, the association with Anthropic lends credibility to the project. By linking this infrastructure to a recognized AI player, TeraWulf secures a potential revenue stream that goes beyond the simple framework of cryptocurrency mining and anchors its activity in the broader digital economy.

Bitdeer: A 14% Surge Confirms Market Appetite

Bitdeer, another major player in the mining sector, saw its stock soar 14% in the wake of these announcements. This spectacular rise confirms that investors are generously rewarding companies that demonstrate their ability to execute this pivot toward AI.

Bitdeer’s increase occurs in a market context where the “mining AI pivot” theme is becoming a powerful stock market catalyst. Companies perceived as best positioned to benefit from the convergence between mining and AI enjoy a significant valuation premium, while those slow to make this transition risk being penalized by the markets.

It is important to note that this bullish dynamic is not limited to pure miners. The entire ecosystem — equipment manufacturers, energy suppliers, data center operators — benefits from this enthusiasm. But Bitdeer, through its responsiveness and clear communication of its strategy, seems to have captured investor attention at the right time.

The Flip Side: Insider Sale Scrutiny Intensifies

However, this very favorable picture should not overshadow the warning signals appearing in parallel. Investor vigilance has increased considerably in the face of insider sales observed at several companies in the sector. This phenomenon, known as “insider sales,” raises legitimate questions about the confidence that executives themselves have in their company’s strategy.

The overall signal, rated at 74 on the relevance scale — a notable but not critical level — explicitly incorporates this dimension. Alongside the three positive sub-narratives of MARA, TeraWulf, and Bitdeer agreements, a fourth...