Bitcoin mining stocks climbed after Hut 8 and IREN unveiled major AI infrastructure deals, highlighting the sector’s growing shift into cloud computing and data centers.

Bitcoin miners are pursuing over $70 billion in AI data center contracts as AI revenue is projected to reach 70% of total miner income by end of 2026.

July 20 : Hut 8, a crypto-mining turned AI data center company, said on Monday it has signed a second 15-year lease worth $9.8 billion with an existing investment-grade customer,…

IREN shares surged after the company secured $2.8 billion in AI cloud contracts and raised its 2026 revenue target. Strong demand for GPU infrastructure, backed by major clients…