Description: Bitcoin miners aren’t just “leveraged BTC” anymore. Some of them are quietly turning into colocation data center landlords, and that’s why their stocks can rip even when mining margins look ugly.

We’ll talk about:

• Why Proof-of-Work mining economics keep getting harder (hashrate up, halving, capex, power costs)
• The surprising reason miners can win in AI: grid access and energized megawatts, not GPUs
• Colocation data center vs GPU cloud models and how the risk profile changes
• How to pick the best operators using energized MW, balance sheet strength, and tenant concentration risk (plus CORZ vs WULF vs CIFR vs GLXY)

Keywords: bitcoin miners, crypto miners, colocation data center, AI infrastructure, data centers, energized capacity, critical IT capacity, megawatts MW, ASIC, hashrate, halving, GPU cloud, colocation, CoreWeave, Nvidia, Core Scientific CORZ, Terawulf WULF, Cipher Mining CIFR, Galaxy GLXY, Nasdaq