Are Bitcoin miners quietly turning into AI infrastructure companies?

More and more Bitcoin miners are pitching themselves as “AI infrastructure” companies.
On the surface that makes sense. Underneath it raises questions for Bitcoin.

Big AI datacenters and big mining farms need almost the same things:
cheap power, grid capacity, industrial sites, serious cooling, and people who can run power hungry hardware 24/7.
Miners already built that…

If a miner can earn more by renting part of that setup to AI or HPC clients than by pure mining, the business logic is obvious.
Less dependence on halvings, more contract revenue.

From a Bitcoin point of view it is not that straightforward.

If a growing share of miner income comes from AI clients instead of block rewards and fees, a few things might follow.:

• Miners become easier to sell politically, because they “do AI” rather than “just mine Bitcoin”.
• Those same AI and cloud clients can also be a pressure point if regulators want something.
• In the extreme, power providers and large customers might have more leverage over miners than Bitcoin itself.

I like that miners find more ways to monetise their infrastructure.
I am less sure what it means for decentralisation and long term incentives if the best capital deals go to miners who look more like generic datacenters than pure Bitcoin shops..

How do you see this:

• Net positive for network security because it keeps miners alive through bear markets.
• Or a slow shift where miners are financially and politically anchored in the AI and cloud world rather than the Bitcoin world.

Not FUD, just trying to think through second order effects.