Bitcoin BTC$121,677.25 As the artificial intelligence and high-performance computing (AI/HPC) boom accelerates, miners are increasing their profits in pre-market trading, particularly benefiting those mining companies that are expanding their operations towards AI infrastructure.
IREN (IREN) rose 4% to $66 after rising 6% on Thursday and is now up more than 520% year-to-date. TerraWolf (WULF) rose 5% premarket after surging 10% on Thursday, taking its year-to-date gain to 150%. Other notable stocks include Cipher Mining (CIFR), CleanSpark (CLSK), and Bitfarm (BITF), all of which are trading 2% to 4% higher premarket.
According to data from Farside, the miner’s market capitalization is approaching $90 billion and could top $100 billion by the end of the year if current momentum continues.
The space is also benefiting from broader trends, with Bloomberg reporting that Microsoft’s (MSFT) data center shortage will last through 2026 due to surging demand for cloud and AI.
Despite adding up to 2 gigawatts of new capacity, Microsoft still struggles to scale its infrastructure fast enough to meet demand. Optimism is growing for Bitcoin miners to expand into AI and data centers as demand for high-performance infrastructure continues to grow.