WGMI Bitcoin Mining ETF Expands Into AI Power Race

Bitcoin mining facilities were built to crunch numbers for cryptocurrency. Now they’re some of the most sought-after real estate in the artificial intelligence boom.

• CoinShares’ bitcoin mining ETF WGMI now also targets AI data centers and power companies, not just miners.
• Listed bitcoin miners have announced over $70 billion in cumulative AI and HPC hosting contracts.
• TeraWulf’s AI hosting revenue passed its bitcoin mining income for the first time in early 2026.

Miners spent a decade wiring up power-dense sites for bitcoin, according to a new CoinShares report. Those same properties are now catching the eye of AI companies hunting for data center space.

Global data center electricity use is projected to roughly double by 2030. It would climb from about 485 terawatt-hours in 2025 to 950 TWh, according to the International Energy Agency. In fact, artificial intelligence is the biggest driver.

Meanwhile, U.S. data centers should drive almost half of electricity demand growth through 2030, the agency said.

Chips aren’t the bottleneck anymore, per CoinShares. What’s scarce is energized land: sites with secured power connections, high-voltage infrastructure and cooling systems. And those sites can take years to permit and build.