AI and Bitcoin Resource Battle: Mining Enterprise Transformation Reveals New Value of Computing Power

According to Woofun AI, Peter Schiff wrote an article on the X platform on August 23, 2026, opposing the view of Bitcoin and artificial intelligence as a synergy effect, stressing that the two are actually competitive resources. As a long-time proponent of gold, he made it clear that artificial intelligence is not a factor driving Bitcoin's price increase, but rather competes with it for critical resources.

This view reveals the fundamental conflict between the two technology paths in the allocation of underlying resources in the current market environment. Notably, as Bitcoin mining companies increasingly use high-performance computing technology, their power, land, and cooling systems are being re-evaluated. This transformation not only did not weaken the cryptocurrency industry, but instead highlighted the continued value of infrastructure in the context of surging demand for computing power.

Schiff pointed out that the competition focuses on the three major areas of investment capital, power, and data center infrastructure. At the capital level, although it is difficult to accurately measure the scale of capital transfers, huge spending in the field of artificial intelligence has provided a strong alternative to investment in technology. The competition at the infrastructure level is even more intuitive: IREN (IREN.US) and Microsoft (MSFT.US) reached a $9.7 billion agreement to build artificial intelligence cloud infrastructure and enhance large-scale computational processing capabilities.

According to Woofun AI, the company switched from the main Bitcoin mining business to infrastructure services based on strong electricity support, showing the commercial logic of reallocating resources. TeraWulf (WULF.US) signed a long-term agreement with Anthropic to provide approximately 401 megawatts of critical IT computing capacity and is expected to generate approximately $19 billion in revenue over the initial period, further confirming the strategic position of electricity supply and existing infrastructure in the competition for artificial intelligence.

Core Scientific (CORZ.US) is also expanding its business scope by signing a long-term high-performance computing agreement with CoreWeave (CRWV.US), and is no longer limited to traditional mining. The company uses part of its power infrastructure to support AI computing tasks, showing how mining facilities can serve customers outside of the Bitcoin industry. For the Bitcoin network, this transformation is not an inevitable loss. As network participation changes, the mining difficulty is automatically adjusted. Even if individual mining companies switch computing resources, the network can still operate normally.

Furthermore, these companies can monetize electricity-related assets through artificial intelligence business, while maintaining links with the Bitcoin market through mining or holding Bitcoin reserves to achieve diversified asset allocation.