AI Deals Fuel Rally Across Bitcoin Mining Stocks

[chainsniff]

Several Bitcoin mining companies posted strong gains this week as Wall Street continued pouring capital into AI infrastructure opportunities. KEEL Infrastructure surged 30%, while Cipher Mining and IREN each gained 29%, driven by new analyst coverage, hyperscale data center plans, and major GPU investments.

The momentum reflects a broader transformation underway in the mining industry. Rather than depending entirely on Bitcoin production, many miners are repurposing their facilities to support AI training, cloud computing, and high-performance workloads. Recent announcements include billion-dollar GPU purchase agreements, massive campus acquisitions, and long-term AI leasing contracts designed to generate more stable revenue streams.

Meanwhile, Bitcoin itself has struggled amid ETF outflows and uncertainty surrounding interest rates. As investors look beyond traditional crypto exposure, mining companies with AI ambitions are increasingly becoming one of the market’s most closely watched growth stories.

[tradelikepro]

bitcoin miners spent years convincing investors they were mining companies and are now trying to convince them they are AI infrastructure companies