Cipher Mining

Riot Platforms shares jumped more than 20% in pre-market trading after the bitcoin miner secured a 20-year artificial intelligence infrastructure agreement tied to Anthropic. The deal underscores how power-rich mining firms are repositioning data center assets toward AI workloads and longer-term contracted revenue.

Hut 8 and IREN led a sharp Monday rebound in bitcoin mining stocks after announcing major AI infrastructure contracts. The deals helped ease investor concerns that demand for new data center capacity could be cooling.

Compass Point analysts argue that investors are giving limited credit to signed AI data center leases at several companies that once traded primarily as bitcoin miners. The firm says Applied Digital, TeraWulf and Cipher Mining show the biggest valuation gaps as the sector shifts toward recurring infrastructure income.

The Bitcoin network hashrate surged to a record 1,082 EH/s in October, JPMorgan says, even as mining profitability faced slight declines. Explore the latest mining trends and top performers.