Bitcoin Mining Stocks Rise as Industry Chases AI Infrastructure
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Bitcoin mining stocks have rallied in 2026, with Riot Platforms, Hut 8, Bitfarms and Core Scientific among the biggest year-to-date gainers from January through July, according to CryptoQuant analyst Maartunn. The gains reflect a market repricing as miners reposition as power and data center suppliers for AI companies rather than pure Bitcoin production, signaling a shift in adoption and valuation drivers for crypto miners.
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Bitcoin mining stocks have been on a run in 2026, with Riot Platforms, Hut 8, Bitfarms, and Core Scientific posting some of the group’s biggest year-to-date gains, according to a CryptoQuant chart analyst Maartunn shared on X covering trading from January through July.
The move has less to do with mining Bitcoin itself and more to do with miners repositioning as power and data center suppliers for AI companies, reflecting a change in how the market is pricing these stocks.
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