Bitcoin-linked data center stocks like Cipher Mining, TeraWulf, and IREN rallied today, with gains of 12%, 8%, and 4% respectively, as Bitcoin stabilized near recent lows. These companies are evolving from pure Bitcoin mining to AI infrastructure, highlighted by TeraWulf's $19 billion AI lease deal with Anthropic. Despite this shift, their stock prices still largely move with Bitcoin's price, reflecting speculative trading rather than fundamentals. Investors should watch Bitcoin's stability and company updates for future direction, as contracted AI revenues are years away from impacting cash flow.
IREN announced plans for a 300MW AI campus in Badajoz, Spain, targeting operations by 2028, which lifted shares of IREN, Cipher Digital, and Core Scientific—companies that transitioned from Bitcoin mining to AI data centers. The project still require...
Cipher Digital Inc. announced it will release its third quarter 2026 financial results and provide a business update on November 2, 2026, before U.S. markets open. The company will host a conference call and webcast at 8:00 a.m. Eastern Time on the s...
