Mars Finance News, according to The Block, Bitcoin mining companies transitioning to AI and large-scale computing are seeing their stock prices keep rising. IREN surged more than 13% on Wednesday, nearing its all-time high; following its earlier announcement of $3 billion in convertible bond financing, a partnership with Nvidia to build 5 GW AI data centers, and the acquisition of Mirantis for $625 million, it also reached a $1.6 billion agreement with Dell on Tuesday to supply Blackwell AI systems. Cipher and Hut 8 both set new all-time highs—Cipher rose about 9.5% to $25, while Hut 8 climbed nearly 5% to $118; over the past year, HUT is up nearly 600%. TeraWulf rose more than 6% on Wednesday, with a gain of about 800% over the past year, as its HPC business’s quarterly revenue first surpassed its Bitcoin mining business performance. Riot rose 3.3% on Wednesday to $27; in Q1, its data center revenue was $33 million, mainly from AMD partnerships. This year, it has sold some of its Bitcoin holdings to finance AI construction funding, while still holding nearly $1.2 billion worth of Bitcoin.

BTC-3.33%

HUT4.87%

IREN13.55%

NVDA-0.32%

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GasUnderTheMoonlight

· 1h ago

NVIDIA co-develops data centers, mining companies latch onto the big thigh

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RugProofRita

· 2h ago

Massive-scale computing is the future; mining is just cash flow.

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Semi-MatureGovernanceVote

· 4h ago

TeraWulf's mining revenue has been surpassed by supercomputers; this transformation is quite thorough.

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DegenWithNotebook

· 4h ago

300 million convertible bonds + NVIDIA's 5GW, IREN's move is well played

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GateUser-6fd3205e

· 4h ago

Q1 data center revenue of 33 million, Riot's transformation speed is impressive.

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PixelUniverseCat

· 4h ago

Cipher hits a new high, and the market is pricing in a transformation premium.

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PopFruitCollage

· 4h ago

Mirantis has been acquired, and the software stack has also been completed.

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SugarAirdropDream

· 4h ago

Riot still holds 1.2 billion BTC, betting confidently on both ends.

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ShellsLeftBehindByTheReceding

· 4h ago

Hut 8 hits a new all-time high, veteran mining companies excel at HPC.

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Bitcoin mining companies shift to AI boom drives stock prices soaring, Cipher and Hut 8 hit record highs

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