Bitcoin Mining Stocks Outperform BTC in AI-Driven Market Shift
- Top ten publicly listed mining companies have posted year-to-date gains of up to 73%, while Bitcoin itself is down approximately 12% since January.
- Terawulf leads with a remarkable YTD gain of 73.58%, securing over $12.8 billion in contracted high-performance computing (HPC) revenue.
- Hut 8 Corp follows with a gain of 67.75%, supported by a $7 billion, long-term lease at its River Bend campus.
- Core Scientific has secured approximately $10–12 billion through partnerships, with HPC expected to drive around 70% of its revenue in the same year.
- Applied Digital has signed multiple leases generating roughly $11 billion in contracted revenue and maintains hosting margins above the industry average.
The significant gains by mining stocks are attributed to their strategic shift towards AI infrastructure, leveraging existing assets for high-performance computing contracts rather than traditional mining operations alone.
