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Keel Infrastructure and Hive Digital Technologies have seen significant stock price increases as they pivot from Bitcoin mining to AI development. On April 22, Keel completed the sale of its Paso Pe mine in Paraguay, raising $13 million to exit Bitcoin mining and focus on high-performance computing and AI in North America. Meanwhile, Hive Digital Technologies secured $115 million through a private placement to purchase GPUs and develop data centers. Over the past month, Keel's and Hive's stock prices have surged by over 40% and 31%, respectively.In a related move, Core Scientific announced plans to issue $3.3 billion in high-yield bonds to support its transition to AI infrastructure. These strategic shifts highlight a growing trend among former Bitcoin mining companies to capitalize on the burgeoning AI sector.

BTC+1.16%

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