Bitcoin mining stocks jump on AI infrastructure demand
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- TeraWulf (WULF) rallied up to 17% after announcing a Kentucky data center acquisition site.
- Hut 8 (HUT) closed more than 5% higher on the day.
- Riot Platforms (RIOT) closed more than 5% higher on the day.
- IREN (IREN) signed an agreement with Microsoft that could generate $3.7 billion annualized revenue from AI cloud services.
- Bernstein reported that 11 publicly traded Bitcoin miners control roughly 27 GW of power capacity, a key resource for AI data‑center growth.
Why it matters: Bitcoin miners stand to capture new AI data‑center revenue, boosting earnings, attracting investors, and positioning themselves as essential power providers as power becomes the bottleneck for AI growth.
