VanEck Analyst Has Dismissed Quantum Bitcoin Risks
Long-term power lease agreements may offer Bitcoin miners a strategic pivot into AI infrastructure.
Updated on Oct. 3, 2026 in Quantum Computing
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Matthew Sigel of VanEck has stated that quantum computing does not necessitate the sale of Bitcoin assets. While quantum technology remains a long-term risk, miners are increasingly leveraging existing infrastructure to capitalize on growing AI data center demand.
Why it matters
The intersection of energy-intensive AI processing and existing mining infrastructure creates a new value proposition for miners. By securing long-term power, these firms are positioning themselves to support AI development while maintaining their current market trajectory.
Bitcoin miners currently hold power lease agreements ranging from 10 to 20 years with investment-grade counterparties. These long-term contracts provide the stable electricity required for AI data centers, offering miners a potential revenue pivot beyond traditional network validation.
The players
Matthew Sigel
He serves as the digital assets research chief at VanEck and provides analysis on cryptocurrency market risks and valuations.
VanEck
An investment management firm that provides financial products including ETFs and publishes market research regarding digital assets and commodity valuations.
The details
Bitcoin miners are utilizing their existing, long-term electricity access—contracts that guarantee specific energy supplies over decade-long periods—to court business in the AI data center market. These centers require consistent power, a resource miners have already secured via agreements with stable partners. While quantum computing poses a theoretical long-term threat to current cryptographic standards, the immediate economic value is being redirected toward supporting infrastructure for large-scale computation.
Timeline
10 to 20 years is the typical duration of miner power lease agreements.
The Tech Race
VanEck continues to evaluate Bitcoin relative to the market capitalization of gold as a store of value. This perspective remains central to their outlook even as miners shift focus toward the competing resource requirements of the global AI data center boom.
Investors should monitor potential shifts in how Bitcoin mining operations allocate their power resources toward AI compute tasks. This pivot could alter the availability of network hash power while creating new investment-grade opportunities for those holding long-term power leases.
The takeaway
The immediate economic priority for Bitcoin miners is securing long-term power, which currently outweighs speculative quantum risks. Watch for future disclosures from mining companies regarding the conversion of their power capacity for high-performance AI data center services.
Further reading
Explore the ongoing developments in the field of Quantum Computing to understand how cryptographic risks may evolve alongside hardware advancements.
Source note: This article includes information reported by TokenPost.
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