GoMining Predicts Renewed Bitcoin Mining Hype

Miners and AI data centers are increasingly competing for access to affordable energy, potentially sparking a new wave of institutional investment in bitcoin mining, according to a report by GoMining Institutional.

The Battle for Energy

AI data centers, with their substantial capital, have begun offering higher prices for energy infrastructure, pushing miners aside.

However, miners have an advantage—flexibility. Unlike AI companies, they can place equipment in remote locations without high-speed internet. This was stated by Jeremy Dreyer, Managing Director of GoMining Institutional.

He predicts that in the next 5–10 years, competition for energy resources will lead to a new influx of institutional investment in bitcoin mining. According to him, after spot ETFs, the next step for large capital will be cryptocurrency mining.

Institutions Seek ‘Virgin’ Bitcoin

Institutional investors and corporate treasuries are looking for ways to add digital gold to their balances at prices below market value. They are increasingly considering mining ‘virgin’ coins, which have not yet been in circulation.

According to TheMinerMag, in the first quarter of 2025, the average cost of mining one bitcoin was about $64,000. By the end of the year, this figure could exceed $70,000, approximately 70% below the current asset price of around $119,000.

Diversification and Innovation

Some mining companies are already diversifying their businesses to capitalize on the trend. For example, Riot Platforms paused its capacity expansion in Texas to explore opportunities in the AI sector.

IREN (formerly known as Iris Energy) also announced a strategic shift towards the cloud AI business, according to GoMining.

Dreyer forecasts that many public miners who switched to artificial intelligence will return to bitcoin mining when they see institutional capital flowing into the sector.

Earlier, mining company TeraWulf signed a 10-year contract with cloud AI platform Fluidstack. Supported by Google, the miner will provide about 250 MW for a total of $3.7 billion.