Oracle’s AI Growth Sparks Bullish Momentum for Crypto Mining Stocks

Oracle kicked off fiscal 2026 with impressive earnings, reporting 12% year-over-year revenue growth and a 28% surge in cloud revenue. The standout was Oracle’s MultiCloud database revenue, which skyrocketed by 1,529% in the first quarter. CEO Larry Eliason expects this momentum to accelerate each quarter for years to come.

The company also announced a groundbreaking 5-year deal with OpenAI, expected to generate $300 billion in revenue starting in 2027. Following the news, Oracle shares soared 36%, pushing the company closer to a $1 trillion market cap. However, the ripple effects are even more significant for crypto mining companies.

Investors are increasingly turning to crypto miners like IREN, CIFR, and HIVE, which have the infrastructure—land, power, and Nvidia chips—needed to support AI’s growing energy demands. On Oracle’s earnings day, IREN and CIFR jumped more than 10%, with both stocks more than doubling in the past month.

The demand for AI data centers is creating lucrative opportunities. Oracle alone will require 4.5 gigawatts of capacity for OpenAI. To put this into perspective, Nebius recently secured a $17.4 billion deal with Microsoft for just 200 megawatts. At a similar rate, Oracle’s capacity needs could represent over $400 billion in value.

Other miners are already striking high-profile partnerships. TeraWulf landed a $3.2 billion deal with Alphabet, while Hive Digital partnered with Bell Canada to develop a sovereign AI ecosystem. These agreements highlight the pricing power miners now hold as tech giants race to secure limited energy resources.

With their small market caps compared to tech titans, crypto mining stocks can deliver outsized gains as demand for AI infrastructure accelerates. For investors, this convergence of AI growth and crypto mining capacity may present one of the decade’s most compelling opportunities.