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Bitcoin Mining Stocks Surge on Hut 8, IREN AI Infrastructure Deals

GateNews
StocksAI Tools & Apps
HUT10.35%
IREN19.76%
CLSK10.55%
MARA8.97%
TEM-7.64%
Shares of several Bitcoin mining companies, including IREN, Hut 8, Cipher Digital, CleanSpark and MARA Holdings, each gained at least 11% on Monday following announcements of major AI infrastructure deals. Hut 8 disclosed a 15-year, $9.8 billion lease for its AI data center campus, while IREN announced $2.8 billion in cloud services contracts with AI developers. IREN now expects its AI cloud business to generate more than $4 billion in annual recurring revenue by the end of 2026. The Energy Mag's TEM AI Infrastructure Growth Index, which tracks 20 companies in the Bitcoin mining, neocloud and AI infrastructure sectors, rose 1.4% on Monday and is up more than 12% over the past week.
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