Bitcoin miner stocks surge 13% as miners pivot to AI leases despite Bitcoin price drop below $75,000

Shares of Bitcoin miners Bitdeer and Riot jumped 13% even as Bitcoin fell below $75,000, its lowest since August. The rally is driven by these miners shifting their business model from relying on Bitcoin price to securing long-term AI data center leases paid in dollars. Riot signed a $28 billion lease with an AI company, and Bitdeer inked a $4.7 billion deal, reducing their dependence on Bitcoin mining revenue. Despite miners selling off their Bitcoin holdings, their new AI-focused revenue streams are boosting investor confidence, though Bitcoin’s price remains pressured by production costs exceeding current market prices.

As of Nov 09, 2026 04:41 WIB, Bitdeer Technologies Group shares on Pluang are trading at USD 6.01, up 13.28%, while Riot Platforms Inc shares are at USD 16.71, up 13.21%. Both stocks show strong investor interest with Bitdeer’s market cap at $1.63 billion and Riot’s at $6.27 billion. The notable surge in these miner stocks contrasts with Bitcoin’s recent price drop, highlighting a shift in market dynamics.