Bitcoin Miners Climb as Meta’s 20-Year Nuclear Power Deal Signals Long-Term AI Infrastructure Push
Bitcoin miners saw notable gains on Tuesday, buoyed by a slight uptick in Bitcoin prices and growing enthusiasm around AI-driven energy demand.
While Bitcoin (BTC) continues to hover near all-time highs — last trading at $104,606 — the price alone hasn’t done much to lift beaten-down mining stocks. However, a potential new catalyst may be emerging from the AI sector’s surging energy appetite.
Meta (META), the social media and tech heavyweight, signed a landmark 20-year agreement to purchase 1.1 gigawatts of electricity from a nuclear power plant to support its AI operations. The move underscores Big Tech’s commitment to building resilient, long-term infrastructure to power increasingly data-hungry AI models.
The development appears to be boosting sentiment across the crypto mining space. Companies that have started to pivot or expand into AI-related infrastructure — including Marathon Digital (MARA), Riot Platforms (RIOT), Hut 8 (HUT), Core Scientific (CORZ), and CleanSpark (CLSK) — were each up between 7% and 8% late in Tuesday’s U.S. trading session.
CoreWeave (CRWV), one of the most prominent emerging players in the AI computing space, surged 23% to a fresh all-time high, extending its rally to more than 270% since going public in March.
Meanwhile, the crypto market edged higher. Bitcoin rose 1.8% over the past 24 hours to $106,200, while the CoinDesk 20 Index — which tracks the top 20 non-stablecoin and non-memecoin cryptocurrencies — gained 2.8%. Notable performers included Solana (SOL), Uniswap (UNI), and Aave (AAVE), each up 5–6%.
Crypto-adjacent equities also joined the rally: Coinbase (COIN) rose 4.6%, while MicroStrategy (MSTR) added 4.2%.
Traditional markets ended the day in the green as well, with the Nasdaq up 0.8% and the S&P 500 higher by 0.6%.
