Daily Observation of Crypto Concept Stocks: Mining Companies Initiate "Billion-Level" AI Arms Race, Computing Power Assets Face Ultimate Liquidation

1. The $7 Billion Temptation: Hut 8's Century Alliance with Google/Anthropic

Why are mining companies willing to abandon their old business? The answer lies in the astonishing offers made by AI giants.

According to the latest official financial report and operational disclosure from Hut 8 Corp. (NASDAQ: $HUT), the company has signed a 15-year AI infrastructure leasing agreement in River Bend Park, Louisiana, with a total base contract value of up to $7 billion. This park will directly provide 245 MW of IT capacity for Fluidstack and AI unicorn Anthropic. What shocked Wall Street even more is that this enormous leasing fee is backed by a direct financial guarantee from tech giant Google. This long-term cash flow, backed by top-tier Silicon Valley credit, completely outshines the volatile returns of traditional mining operations.

2. The $1 Billion Arsenal: Core Scientific's Wall Street Lifeline and Treasury Liquidation

To take on hundreds of megawatts of AI orders, mining companies need extremely large upfront capital expenditures (CapEx). To raise funds for transformation, Core Scientific, Inc. (NASDAQ: $CORZ) has adopted a decisive "dual approach" strategy.

On the debt financing side, the company officially announced that its 364-day credit financing limit has been expanded to $1 billion (with $500 million commitments from both JPMorgan and Morgan Stanley). On the asset side, according to its latest 10-K filing guidance, Core Scientific has clearly planned to "liquidate substantially all of its Bitcoin holdings" by 2026. This means the company is completely selling off the digital gold accumulated over the past few years, converting it into the concrete and high-density racks needed to build a 1.2 GW AI data center.

3. The Cold Reflection of Capital Markets: Executives' Routine Cash-Outs and Sector Revaluation

As billions of dollars in capital flow violently between mining and AI, corporate management is also making routine adjustments to their risk exposures. For example, Core Scientific's Chief Legal and Administrative Officer Todd M. Duchene recently sold a portion of the company's stock in compliance with a 10b5-1 trading plan.

For secondary market investors, the current "mining sector" is virtually non-existent. When contracts worth up to $70 billion in AI and HPC flood this track, traditional mining companies have accelerated their transformation into "data center REITs (Real Estate Investment Trusts) with strong power acquisition capabilities." In this new narrative, Bitcoin is no longer the faith they protect but rather a liquid asset used to purchase entry tickets to AI.

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Data source: https://bbx.com/ Cryptocurrency concept stock information database, compiled based on yesterday's announcements from global listed companies and SEC/TSE disclosure documents.