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Table of Contents
🔥 Here’s What’s Happening Now
The big news of the day was Trump firing Fed governor Cook, which has never happened in the history of the Fed and had people talking about Fed independence. Markets shrugged it off and continued to rally.
Today is NVDA earnings after the close. It makes up about 8% of the S&P 500 so it’s going to be important one way or the other.
Still think crypto is the most interesting area of the market right now. Bitcoin continues to look like a short, while Ethereum continues it’s move towards $5k……
This morning we take a deep dive into the Bitcoin miners.
🧠 Thesis in Focus: Bitcoin Miners → AI Data Centers
Jackson also likes the prospects of two bitcoin miners, Iren IREN and Cipher Mining
CIFR, as data-center plays to profit from the continued growth in artificial-intelligence demand. Bitcoin miners already have been running data centers and have the land and power connections that can naturally transition to AI use.
Bitcoin miners already run large-scale, high-density computing facilities with:
Land access
Cheap, secured power contracts
Cooling and rack infrastructure
Operational experience running 24/7 compute
AI data center demand is exploding, particularly for GPU clusters. Hyperscalers like $MSFT, $META, $GOOG, $AMZN — along with private players like CoreWeave — are racing to deploy capacity.
The conversion logic:
Miners can reallocate or expand existing facilities to run GPUs instead of ASICs
This avoids the multi-year process of acquiring land, permits, and utility interconnects
Partnering with AI cloud companies could instantly monetize existing fixed assets at higher margins than current Bitcoin mining
First-Order Winners
These are the direct beneficiaries if this pivot trend accelerates.
Ticker | Company | Why It Wins |
|---|---|---|
$IREN | Iren | Public miner with scale, grid access, and an investor-friendly pivot narrative |
$CIFR | Cipher Mining | Large power capacity in U.S. with expansion optionality |
$APLD | Applied Digital | Already executed an AI hosting deal with CoreWeave |
$CRWV | CoreWeave (private for now) | Gains instant capacity through partnerships or acquisitions of miners |
$NVDA | Nvidia | Any new AI facility = more GPU demand |
Second-Order Winners
These aren’t miners, but they benefit from the infrastructure shift.
Power & Cooling Infrastructure:
$VRT (Vertiv), $MOD (Modine) — suppliers of thermal management and electrical distribution for dense GPU clusters.Energy & Power Providers:
Utilities with high data center exposure like $VST (Vistra) and $NEE (NextEra) if miners build out AI capacity in their service areas.Real Estate & Land Leases:
Industrial REITs with data center-adjacent zoning could benefit from consolidation deals.AI Cloud Partners:
$ORCL (Oracle), $MSFT (Azure) — both expanding AI hosting footprint and could partner with miners to accelerate deployment.
Potential Losers
Pure-Play Bitcoin Miners Without Pivot:
Those that stay exclusively in crypto mining could underperform peers who tap into AI demand, especially if BTC price stalls.Hosting-Only Miners Serving Crypto:
They may see client attrition if crypto miners they host convert to AI compute instead.Legacy Data Center Builders (EPCs):
$FLR (Fluor), $J (Jacobs) — may lose some AI buildout business if miners bypass traditional EPC timelines by repurposing facilities.
Strategic Considerations
Screen Miners by Power Contracts
Capacity, cost/kWh, and flexibility of power sourcing will determine pivot viability.Look for Early Partnerships
First movers like Applied Digital/CoreWeave are seeing outsized repricing — track for new deal announcements.Trade the Spread
Potential long miners with credible AI pivot plans vs short miners with no plan and weaker balance sheets.Watch for M&A
Hyperscalers or AI cloud companies may outright acquire miners with prime facilities to shortcut buildouts.
Bottom Line:
The pivot of Bitcoin miners into AI data center providers could be one of the more overlooked second-order plays on the AI infrastructure boom. Early movers have already re-rated, but many miners are still priced on BTC sensitivity, creating an asymmetric opportunity if they announce credible AI capacity deals.
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Wednesday August 27, 2-3pm EST
-Why the 60/40 strategy is dead and what to do instead
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- 4 unknown edges that still exist in today's market
- How to set up your portfolio for asymmetrical returns
- Little-known asset class that has limited risk and potentially unlimited returns
- 4 ways to hedge your portfolio that don't include bonds
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📈 Stock Corner
Today’s stock is Trump Media and Technology (DJT)…..
The stock popped above the 50 day moving average yesterday on this news…..
They are making some bold moves into asset management and crypto (we are going to be involved in at least some of it). It will be interesting to see how it goes, I have said before that I don’t think conservatives invest based on their values. If I’m wrong there could be a lot of upside here.
📬 In Case You Missed It
We talk to Marcos Milla about options based ETFs….
FYI, Marcos doesn’t own covered call ETFs….
Why do portfolios look like this…
Covered Call Investor: $ULTY $YMAX $MAGY $QQQI $SPYI $BTCI $LFGY $MSTY $TSPY $NVDY $PLTY $HOOW $HOOY $JEPI $YBTC $XPAY $BLOX $YMAG $XBTY $MST $AMZY $PLTW $MSTW $MSII $NVII
But then Growth Investor is: $VOO $QQQM
😩😆😭👅🤑
— #Marcos Milla (#@MarcosMillaYT)
8:43 PM • Aug 26, 2025
🤝 Before You Go Some Ways I Can Help
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Inside HEAT: Our Monthly Live Call on What Wall Street Doesn’t Want You To Know
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Tuttle Wealth Management: Your Wealth Unshackled
Advanced HEAT Insights: Matt’s Inner Circle, Your Financial Edge
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