Top Bitcoin mining stocks such as Iren and Bitfarms have skyrocketed this year, helping to expand into the lucrative artificial intelligence data center industry.
summary
- Several popular Bitcoin mining stocks have jumped this year.
- Aylen and Bitfarm added billions to their ratings.
- Growth is driven by continuous investment in the AI space.
Aylen’s stock jumped to $37 from $5.17 in April, pushing its market capitalization from $1.29 billion to $9.78 billion.
Similarly, BitFarms surged from $0.6612 in April to $3 today, reaching its market capitalization of $1.63 billion. Its rating is far higher than the $950 million that the riot platform wanted to buy.
Bit Farm and Aylen stocks are rising amid AI bets
The main reason companies like Bitfarms and Iren are rising is because they are investing millions of dollars to become large players in the data center industry.
In August, Aylen announced that he was in the process of buying 4,200 Nvidia Blackwell GPUs and purchasing thousands more.
Bitcoin (BTC) mining remains the largest business, but AI cloud revenue doubled to $7 million from $3.6 million in the same quarter in 2024. Mining revenues rose from $141 million to $180 million.
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The company hopes that once the AI industry reaches 10,000 GPUs, it will generate annual revenues of between $200 million and $250 million by December. Over time, the company hopes to deploy 60,000 GPUs on its British Columbia site.
$Airen as an Independent Observer, I agree below. all. pic.twitter.com/jc0lhs949t
– 𝒰𝓂𝒷𝒾𝓈𝒶𝓂 (@umbisam) September 13, 2025
Meanwhile, BitFarms is expanding its business to become a large player in the industry. Recently, they announced a reorganization that saw them withdraw from the Argentinean market.
The current focus lies on a 250-acre project in Pennsylvania, and hopes to become a leading provider of American AI services that partnered with TS Data Center to build the project.
Bitcoin Mining Company replicates CoreWeave and Core Scientific models
Bitfarms and Iren aim to replicate the success of companies such as CoreWeave and Core Scientific.
CoreWeave, which began as a Bitcoin Miner, is expected to earn more than $5.26 billion this year and $12 billion in 2026. It has already inked a multi-billion dollar contract with Openai, the parent company of ChatGpt.
Most notably, CoreWeave is in the process of acquiring Core Scientific in a $9 billion deal. This is a notable deal as Core Scientific was about to go bankrupt until it challenged the AI data center business a few years ago.
The AI data center industry is growing, as evidenced by the recently announced $17 billion deal between Microsoft and Nebius.
Most importantly, expanding into AI space means that Aylen and BitFarm are not solely dependent on Bitcoin mining. The main challenge in Bitcoin mining is that harving events occur every four years, reducing Bitcoin rewards.
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