- From January through the end of July this year, shares of Riot Platforms, Hut 8, Bitfarms, and Core Scientific rose 83%, 72%, 50%, and 31%, respectively.
- Maartunn said the gains reflect expectations for expansion in AI data-center infrastructure, not Bitcoin (BTC) mining itself.
- Maartunn said competition is building around power, access to the grid and AI-supporting infrastructure, and that Riot signed a long-term data-center lease for 191 megawatts with an AI company.
Bitcoin Mining Stocks Surge This Year on AI Infrastructure Pivot
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bloomingbit
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Aug 13, 2026 at 8:33 PM UTC · 1 dk okuma

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83% Riot shares rise
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Bitcoin mining stocks have surged this year as investors bet on the companies' expansion into AI data-center infrastructure.
CryptoQuant analyst JA Maartunn said Riot Platforms shares jumped 83% from January through the end of July, according to crypto news outlet CryptoPotato on Aug. 13. Over the same period, Hut 8 rose 72%, Bitfarms gained 50% and Core Scientific climbed 31%.
Maartunn said the rally is tied less to Bitcoin mining itself than to miners' efforts to supply their power capacity and data-center infrastructure to AI companies.
The competition has moved beyond hash rate to power, grid access and AI-supporting infrastructure, he added. Riot has also been expanding its AI infrastructure business, including through a long-term lease agreement for a 191-megawatt data center with an AI company.
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Originally reported by bloomingbit
NewsLayer coverage based on externally reported material.
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