Factbox-US companies that jumped ship to tech, AI businesses over the years

By Purvi Agarwal and Anshuman Tripathy

April 16 (Reuters) - Sneaker institution Allbirds' pivot to AI computing has revived a Wall Street inclination successful caller years: smaller companies leaning into tech-focused transformations to triumph implicit AI-hungry investors.

Allbirds' shares surged much than six-fold aft it announced rebranding itself NewBird AI. It was soon followed by societal media steadfast ‌Myseum, which soared astir 150% aft adding "AI" to its name.

As capitalist appetite for exertion continues to reshape businesses, here's a look astatine immoderate of the notable pivots by U.S. ‌companies to currency successful connected the euphoria:

STRATEGY:

Starting disconnected arsenic a bundle institution that helped analyse fiscal data, Michael Saylor's MicroStrategy transformed into 1 of the biggest firm hoarders of bitcoin successful 2021 and aboriginal rebranded to Strategy.

The banal saw its ​biggest yearly jumps successful 2023 and 2024, with gains of implicit 300% successful each year, arsenic bitcoin doubled successful value. The banal was past down implicit 70% from its all-time precocious acceptable successful November 2024.

CRYPTO MINING TO AI INFRASTRUCTURE:

CoreWeave was primitively an ethereum miner founded successful 2017, but unopen its mining concern a fewer years later. It debuted connected the Nasdaq successful April 2025 arsenic a unreality infrastructure institution valued astatine $23 billion, and surged implicit 85% successful the year. The steadfast is up 64% truthful acold successful 2026.

Applied Blockchain and HUT 8 some started retired arsenic crypto miners, but person been shifting to absorption ‌on hosting information centers. The erstwhile established itself arsenic Applied Digital aboriginal ⁠in 2023, portion Hut 8 is expanding its information halfway business.

Growth successful Applied Digital's banal has mostly been muted for the past fewer years, but Hut 8 has posted gains each twelvemonth since 2023, acknowledgment to some bitcoin prices and request for information centers.

After emerging from bankruptcy successful January 2024, ⁠Core Scientific jumped connected the AI bandwagon, partnering with CoreWeave to supply infrastructure that it already utilized for bitcoin mining. Its shareholders rejected an acquisition connection from CoreWeave past year.

TRUMP MEDIA & TECHNOLOGY

Trump Media & Technology, owned mostly by U.S. President Donald Trump, was primitively a societal media steadfast - genitor of the 'Truth Social' platform.

It started expanding into integer concern past twelvemonth with the instauration of a bitcoin treasury, a caller task with Crypto.com via a ​blank-check ​acquisition company.

The banal had 1 of its biggest regular jumps successful December 2025 erstwhile it was considering spinning ​off the level into a publically traded company.

However, it much than halved successful ‌value successful 2025 contempt the entreaty of integer token treasuries attracting capitalist interest.