Bitcoin miners are increasingly exploring AI and cloud computing to diversify their revenue streams as traditional mining profits dwindle. Despite a record global hashrate of 1.16 ZH/s, the hashprice has fallen to $35/PH/s, extending the return on investment for new mining equipment to over 1,200 days. Companies such as Cipher, IREN, and CleanSpark are actively pursuing AI-related contracts, with IREN securing a $9.7 billion deal with Microsoft for Nvidia GB300 GPUs. While these ventures into AI offer potential new revenue, they have yet to fully compensate for the significant drop in Bitcoin mining profitability. Meanwhile, mining stocks have seen a rise, buoyed by optimistic analyst ratings and high-profile deals, although some targets have been adjusted downward due to stock dilution and substantial Bitcoin holdings.