Meta and Microsoft have announced plans to significantly increase their AI investments in 2026, potentially benefiting Bitcoin mining firms that are pivoting to AI infrastructure. Meta's capital expenditures are projected to be between $115 billion and $135 billion, surpassing market expectations. Microsoft CEO Satya Nadella highlighted the rapid growth of the company's AI business. Several Bitcoin mining companies are adapting to this trend by repurposing their data centers for AI and cloud computing. Iren, formerly Iris Energy, has secured a multi-year cloud services contract with Microsoft, while Cipher Mining has partnered with Amazon to provide 300 megawatts of power capacity for AWS. Hut 8 is also accelerating its transformation. These strategic shifts have led to stock increases, with Iren's shares up 4.9% on Wednesday and a 47% rise since the start of 2026, while Cipher Mining has gained 17% this year.