Woofun AI data shows that Bitcoin mining firms recorded weekly AI-related transactions in July, totaling over 7.5 gigawatts and valued at $150 billion under multi-year agreements. Bernstein highlights that electricity access remains a bottleneck for the AI sector, sustaining demand for third-party computing power from miners. Hut 8 announced a $9.8 billion, 15-year lease for its AI data center campus, while IREN disclosed a $2.8 billion cloud services contract with an AI developer. MARA Holdings plans to acquire a Texas site with up to 2 gigawatts capacity for AI expansion, and TeraWulf signed a 20-year lease with Anthropic, potentially generating $19 billion in revenue.