#AI stocks continue to rise—what other investment opportunities are there?
In CoinShares' Q2 report, there’s a striking figure: the disclosed outstanding contract value exceeds $100 billion, while the corresponding annualized AI/HPC revenue is only about $1.1 billion.
The same report also mentions that for listed BTC miners, the weighted-average pre-tax cash cost per BTC is about $75,500, and Core Scientific directly paid $41.9 million to cancel orders for 15 EH/s of mining rigs. The story is already about how mining sites are moving power capacity from cryptocurrency mining to AI data centers—valuation has followed the narrative.
$AAPL $NVDA $AMD
For the crypto order book, this looks more like a narrative shift than direct buy pressure: the money for the transition comes from selling coins and leasing arrangements, so in the short term it doesn’t create new spot demand. What can truly validate it is the timeline for powering up and billing—if the capacity that starts billing next quarter is still only a small portion of the already contracted 4 GW, then this premium won’t be able to hold.
In CoinShares' Q2 report, there’s a striking figure: the disclosed outstanding contract value exceeds $100 billion, while the corresponding annualized AI/HPC revenue is only about $1.1 billion.
The same report also mentions that for listed BTC miners, the weighted-average pre-tax cash cost per BTC is about $75,500, and Core Scientific directly paid $41.9 million to cancel orders for 15 EH/s of mining rigs. The story is already about how mining sites are moving power capacity from cryptocurrency mining to AI data centers—valuation has followed the narrative.
$AAPL $NVDA $AMD
For the crypto order book, this looks more like a narrative shift than direct buy pressure: the money for the transition comes from selling coins and leasing arrangements, so in the short term it doesn’t create new spot demand. What can truly validate it is the timeline for powering up and billing—if the capacity that starts billing next quarter is still only a small portion of the already contracted 4 GW, then this premium won’t be able to hold.