Bitcoin Miners Rally Pre-Market as AI Demand Boosts Sector
Bitcoin (BTC, $118,137) miners are extending gains in pre-market trading, fueled by surging demand for artificial intelligence (AI) and high-performance computing (HPC) infrastructure. Companies aligning operations with AI are seeing the strongest performance.
IREN (IREN) is up 4% pre-market at $66 after a 6% rise Thursday, bringing its year-to-date gain to over 520%. TerraWulf (WULF) climbed 5% pre-market following a 10% jump Thursday, lifting its YTD performance to 150%. Other top movers include Cipher Mining (CIFR), CleanSpark (CLSK), and Bitfarms (BITF), all trading 2–4% higher pre-market.
The total market capitalization of Bitcoin miners now nears $90 billion, according to Farside data, and could exceed $100 billion by year-end if current momentum continues.
The rally is further supported by broader industry trends. Bloomberg reports Microsoft (MSFT) will face data center shortages into 2026 due to surging cloud and AI demand. Even with up to two gigawatts of new capacity, scaling infrastructure fast enough remains a challenge, boosting optimism for miners expanding into AI and data center operations.
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