Archive · 19 Nov 2025
AI Giants Eye Crypto's Power Assets for Data Centers
Big tech companies are building huge computers to make smart things smarter.
They need lots of electricity, so they're teaming up with people who already have it, like crypto miners in Texas.
These miners are now switching from making digital money to helping with smart computers.
AI companies are investing billions in building massive data centers
They need access to large amounts of electricity, which crypto miners already have
In Texas, crypto miners are pivoting to AI, attracting tech giants like Microsoft
Microsoft signed a $9.7 billion contract with IREN to expand its Childress data center for AI
Cipher Mining and Google are also partnering for AI data centers in West Texas
- Who
- AI companies like Microsoft, Amazon, Google, and crypto miners like IREN, Cipher Mining
- What
- Building and expanding data centers for AI processing
- When
- Currently, with plans extending through 2026
- Where
- Texas, particularly in rural areas like Childress and West Texas
- Why
- AI requires massive computing power and electricity, which crypto miners already have access to
Tech Companies
Crypto Miners
Access to Electricity
Tech Companies
Desperately need access to large amounts of power
Crypto Miners
Already have access to electricity and are eager to assist
Flexibility in Power Use
Tech Companies
Need stable power around the clock
Crypto Miners
Can be flexible with power needs, blinking off during peak demand
- Primary Tech Companies Involved
- Microsoft, Amazon, Google
- Crypto Miners Pivoting to AI
- IREN, Cipher Mining, TeraWulf
- Total Tech Spending on AI Infrastructure
- Tens of billions of dollars
- Electricity Demand for AI Data Centers
- Large, stable amounts around the clock