Bitcoin mining stocks climb in 2026 as BTC lags behind
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- TeraWulf surged 85% YTD, leading the top‑10 Bitcoin miners.
- Riot Platforms posted $167.2 M Q1 2026 revenue, with $33.2 M from its new data‑center business.
- Core Scientific is repurposing 300 MW of its Texas mining load for an AI‑focused data‑center campus up to 1.5 GW capacity.
- American Bitcoin Corp. fell 29% YTD, despite being backed by Eric and Donald Trump Jr.
- Bitcoin slipped ~20% YTD, even after a 17% rally in the last month, while miners pivot to AI.
Why it matters: Investors in AI‑focused mining firms gain as revenue rises—Riot Platforms’ $33 M data‑center earnings—while Bitcoin holders lose as price stays 20% below YTD highs, prompting a shift toward non‑mining revenue streams.
