AI Infrastructure Surges as Crypto Supercycle Hopes Fade

Crypto News Business

Written by Aaron S.,

Editor-In-Chief

Last Updated: February 12, 2026

Key Takeaways

Bitcoin supercycle debates continue, but evidence points to stronger long-term growth in AI infrastructure, not crypto markets;
TheEnergyMag outlines a “trillion-dollar build supercycle” as major tech firms plan over $600 billion in AI investments this year;
Mining companies like IREN shift toward AI data centers, with spending that now exceeds their past investments in Bitcoin mining.

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AI Infrastructure Surges as Crypto Supercycle Hopes Fade

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Many people in the crypto industry have talked for years about a possible Bitcoin BTC $71,352.13 “supercycle".

The idea is still popular, but the stronger sign of long-term growth may be happening somewhere else.

A newsletter from Blockbridge Consulting, called TheEnergyMag, suggested that the more serious expansion is taking place in artificial intelligence (AI) infrastructure.

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Analyst Wolfie Zhao referred to it as a “trillion-dollar build supercycle", focused on large-scale data centers designed for AI workloads.

Major tech companies support this view through their spending plans. The group often called the Magnificent Seven is expected to invest more than $600 billion in AI this year.

Bitcoin mining firms with AI-related operations are also increasing their investments. Several of them direct more money toward high-performance computing rather than only mining equipment.

One example is IREN, previously known as Iris Energy. The Nasdaq-listed miner reported around $800 million in net spending on buildings, equipment, and other infrastructure last quarter.

According to TheEnergyMag, the company “deployed more capital in a single year, building AI data center infrastructure and procuring GPU hardware than it spent across three years expanding its Bitcoin mining fleet post-IPO".

Recently, Cango secured $75.5 million in new funding as it prepares to shift its operations toward AI and high-performance computing. What did the company say? Read the full story.