Since the latest Bitcoin halving cut block rewards in half, compressing revenues across the mining sector, large operators have been searching for ways to stabilize income streams. Increasingly, they are leasing their energy footprints to artificial intelligence and high-performance computing clients. The model is not speculative; it is already being written into multiyear contracts. In September, Cipher Mining signed a 168-megawatt agreement with Fluidstack, an AI cloud provider. The deal runs for ten y ...