Crypto Mining Stocks Rally as AI Data Center Boom Fuels Optimism

Crypto mining stocks linked to the rapidly growing artificial intelligence (AI) data center sector surged on Monday, bouncing back strongly from Friday’s market downturn. Leading the charge, Bitfarms (BITF) and Cipher Mining (CIFR) skyrocketed 26% and 20%, respectively. Other key players, including Bitdeer (BTDR), IREN (IREN), and MARA Holdings (MARA), each gained around 10%. The rally underscores growing investor confidence that soaring AI computing demand could translate into higher profitability for crypto miners.

Market sentiment also received a boost from major industry developments. OpenAI, the creator of ChatGPT, announced a strategic partnership with Broadcom (AVGO) to develop custom AI chips—an effort expected to strengthen the AI hardware supply chain. Meanwhile, Bloom Energy (BE) revealed a $5 billion collaboration with Brookfield Asset Management to deploy fuel cells in data centers, aiming to meet AI’s surging energy consumption needs.

The sharp rebound followed last week’s steep sell-off, triggered by escalating trade tensions between the U.S. and China. Former President Trump’s decision to impose a 100% tariff hike on Chinese goods in response to China’s rare earth export restrictions rattled global markets. However, investor fears eased over the weekend, lifting major indexes—the Nasdaq climbed 2.1%, while the S&P 500 gained 1.4%.

Other crypto-related equities also posted gains. MicroStrategy (MSTR), known for holding the world’s largest bitcoin reserves, rose 2.8%, while Coinbase remained steady and Robinhood advanced 1%. BitMine (BMNR) jumped nearly 7% after announcing the purchase of over 200,000 Ethereum (ETH) tokens, worth about $840 million, taking advantage of the recent crypto market dip.

Overall, the renewed rally in mining and AI-linked stocks highlights the growing convergence between cryptocurrency infrastructure and the AI revolution—two sectors driving the next wave of digital innovation.