Bitcoin Miners Go Green as AI Deals and Bitcoin Surge Create Perfect Storm

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On Friday-and throughout the week-publicly traded Bitcoin miners decided to ditch their previous funk and dive headfirst into a pool of profits. Of the ten largest miners by market cap, every single one of them was happily swimming in green. šŸŒ±

Bitcoin Miners Erupt in Weekly Rally

Over the same stretch, Bitcoin surged 8% against the U.S. dollar, and naturally, the mining sector couldnā€™t resist hopping on the bandwagon. Meanwhile, U.S. equities, not to be outdone, joined the party with their own blistering run, closing the week looking fabulous. It was like a race to see who could be the most fabulous miner!

Take IREN Limited, for example. IREN was the one who tripped over its shoelaces with a -1.32% dip on the day. But donā€™t worry, its 13.13% weekly climb and $13.55 billion market cap kept it comfortably in the heavyweight category. IRENā€™s Q1 FY26 report showed some solid gains, thanks to new AI cloud contracts, including a rather cheeky $9.7 billion deal with Microsoft. Because why not?

According to bitcoinminingstock.io, Cipher Mining rolled into Friday with a bold 6.26% daily increase and a show-off 43.81% weekly surge, backed by an $8.04 billion valuation. This surge followed Cipherā€™s massive 10-year high-performance computing deal with Fluidstack. Yes, Google has their back, because of course, they do.

Applied Digital wasnā€™t far behind, showing off an 8.66% daily jump and a dazzling 28.49% weekly climb, supported by its $7.58 billion market cap. Terawulf wasnā€™t missing out either, adding 4.51% that day and an even more impressive 37.37% for the week, capped at $6.06 billion. Meanwhile, Applied Digital wrapped up Phase II of its Polaris Forge 1 AI Factory Campus in North Dakota-because obviously, thatā€™s a thing.

Riot Platforms pressed ahead with a 7.67% daily boost and a 26.90% weekly climb, resting just under $6 billion. Core Scientific, not to be left behind, chipped in with a 4.38% daily lift and a 14.66% weekly increase, supported by its $5.24 billion valuation. Riot recently delivered record results while Core Scientific had a fun time terminating its merger agreement with Coreweave. Drama! šŸ˜

Hut 8 also joined the celebration, booking a clean 6.20% bump on Friday and a 31.04% weekly surge, backed by a $4.86 billion market cap. They also shared plans to develop four new sites with a total capacity over 1.5 GW, because who doesnā€™t want more capacity? MARA Holdings added a solid 6.30% in 24 hours and a strong 17.27% for the week, bringing its market cap to $4.47 billion. They reported a 92% year-over-year revenue jump for Q3 2025. Impressive!

Then thereā€™s Cleanspark, which made a statement with a 12.26% daily increase and a remarkable 55.19% weekly climb, pushing its valuation to $4.26 billion. Bitdeer wrapped up the top ten, logging a 5.84% daily increase and a 30.32% weekly rise, capped at a $2.8 billion market cap. Oh, and Cleanspark had a ā€œtinyā€ 102% revenue growth year-over-year. šŸ˜Ž

The week wrapped up with miners riding a powerful wave of momentum, fueled by expanding AI contracts, new HPC builds, and, of course, a nice, steady Bitcoin boost that kept everyone energized. šŸ¹

But hereā€™s the kicker: As these companies dive headfirst into AI and high-performance computing, thereā€™s still one big, unanswered question: How is this mix of priorities going to shape the future of the Bitcoin mining market? The industryā€™s big players are charging ahead, but the balance they strike in the coming months might just define the next chapter. Stay tuned for the drama. šŸŽ­

FAQ ā“

  • What fueled minersā€™ gains this week? Strong Bitcoin price action, expanding AI contracts, and new HPC developments helped lift major mining stocks.
  • Which miners led the weekly performance? Companies like Cipher Mining, Cleanspark, Hut 8, and Bitdeer posted some of the strongest seven-day climbs.
  • How did broader markets influence mining stocks? U.S. equities advanced alongside Bitcoin, adding tailwinds to miner valuations.
  • Why does AI and HPC adoption matter for miners? Their growing focus on AI and HPC raises long-term questions about how these priorities will shape the Bitcoin mining sector.

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2025-11-29 21:14