Public Bitcoin miners spent $5.11 billion on capital assets during the first half of 2026 while reporting $341.2 million in AI and HPC revenue, a roughly 15-to-1 ratio, according to BlocksBridge Consulting. Fifteen miners and data center companies spent $30.7 billion on capital assets in their latest 2026 reporting periods, 42.6% more than the $21.53 billion spent throughout 2025. AI and HPC revenue rose 52% to $205.8 million in the second quarter. Core Scientific reported $136.7 million in colocation revenue and is billing for 437 megawatts of capacity. TeraWulf saw HPC revenue overtake mining in the first quarter. MARA Holdings sold $1.5 billion of Bitcoin during the quarter as it expanded infrastructure. HIVE reported 94% growth in HPC revenue to $19.5 million. CoinShares expanded WGMI to $225.6 million in assets, now covering miners, data centers, AI semiconductors, power producers and advanced computing. Converting power contracts and land into AI-ready capacity requires substantial additional investment in substations, buildings, cooling and GPUs.