Bitcoin Miners Rally Pre-Market as AI Demand Strengthens Sector
Bitcoin (BTC, $118,137) miners are seeing pre-market gains, fueled by rising demand for artificial intelligence (AI) and high-performance computing (HPC) infrastructure. Companies pivoting toward AI-focused operations are leading the rally.
IREN (IREN) rose 4% pre-market to $66 after a 6% jump Thursday, lifting its year-to-date gains above 520%. TerraWulf (WULF) climbed 5% pre-market following a 10% surge Thursday, bringing its YTD gain to 150%. Other notable movers include Cipher Mining (CIFR), CleanSpark (CLSK), and Bitfarms (BITF), all trading 2–4% higher.
The total market capitalization of Bitcoin miners is nearing $90 billion, according to Farside data, and could surpass $100 billion by year-end if momentum holds.
The sector is supported by broader industry trends. Bloomberg reports Microsoft (MSFT) will face data center shortages into 2026 due to surging cloud and AI demand. Even with added capacity of up to two gigawatts, scaling remains a challenge, boosting optimism for miners expanding into AI and data center operations.
