Industry Newsdata centerpower infrastructurebitcoin mininginfrastructure finance
Wall Street Treats Bitcoin Miners As Power Infrastructure
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Wall Street is deploying billions into public Bitcoin mining firms over the past several months, financing conversions of grid-connected mining sites into AI-ready data centers. Deals include Morgan Stanley's initial $500 million (potentially $1 billion) facility to Core Scientific and firms announcing roughly $43 billion in AI contracts. The shift responds to projected US data-center electricity growth and acute interconnection bottlenecks.
