VanEck Highlights Bitcoin Miners' Power Advantage as AI Data Center Demand Climbs Toward 2030

In comments reported by CNBC, VanEck's Matthew Sigel said Bitcoin miners already control power infrastructure that AI data centers may spend years trying to build, leaving the market yet to fully value this asset. Public mining firms are targeting an increase from 7 GW of capacity to 20 GW by 2027, while some listed players like MARA and Core Scientific are redirecting sites and financing toward AI infrastructure. Sigel argued that miners still trade at a steep discount to traditional data center stocks on a market-cap-per-megawatt basis, even as AI-related demand grows sharply.