Bitcoin miners are releasing their production updates for May, the first full month since the latest Bitcoin halving event, and in its wake, some big players are making significant moves to add revenues through strategic deals and diversifications.

Firms like Core Scientific have been seeking to expand revenues since April’s bitcoin halving, which reduced miner rewards by 50%. Other mining firms, including Bit Digital (ticker BTBT) and Hut 8 (HUT), were also seen diversifying their revenue streams into AI, The Block previously reported.

Earlier this week, North American bitcoin mining and hosting services provider Core Scientific (CORZ) signed a series of 12-year contracts with AI Hyperscaler CoreWeave, a cloud computing firm. Two days later, Core Scientific rejected CoreWeave's …