Bitcoin (BTC) remains priced at $112,722.15, as corporate treasury firms experience cycles of boom and bust. In contrast, BTC miners are witnessing significant gains, driven by advancements in artificial intelligence (AI) and high-performance computing. Notably, Riot Platforms (RIOT) and IREN (IREN) led the sector with gains of approximately 13%, while Hut 8 (HUT), CleanSpark (CLSK), and Bit Digital (BTBT) saw increases of around 6%. Since April, IREN has surged nearly 500%. The momentum stems from news that OpenAI, Oracle (ORCL), and SoftBank are ramping up their Stargate AI infrastructure, planning nearly 7 gigawatts of capacity with over $400 billion in investments. This expansion may indicate a speculative “bubble” in AI demand, benefiting miners who can meet its energy needs. Riot and CleanSpark have also diversified into AI, achieving year-to-date gains of 85% and 55%, respectively, while Marathon Holdings (MARA) trails with a mere 10% increase in 2025.
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