Bitcoin Mining Stocks Rise Following Meta’s 20-Year Nuclear Power Agreement for AI

Bitcoin Miners Catch a Bid as Meta’s Nuclear-Powered AI Ambitions Fuel Broader Tech Optimism

Bitcoin miners saw renewed momentum on Tuesday, helped in part by a modest rise in Bitcoin prices and growing enthusiasm around AI-related energy infrastructure.

Bitcoin (BTC) was last trading at $104,606.09, near its record highs. Yet despite strong crypto prices, mining stocks have largely struggled in recent months. That may be changing as a new growth narrative emerges from the AI sector’s insatiable energy needs.

In a bold move, Meta (META) announced a 20-year agreement with a nuclear power provider to purchase 1.1 gigawatts of electricity—enough to support its expanding AI operations. The deal highlights just how seriously tech giants are investing in long-term infrastructure to power massive data workloads.

The news appears to have lifted sentiment across the crypto mining space, particularly among companies already pivoting toward AI and high-performance computing. Shares of Marathon Digital (MARA), Riot Platforms (RIOT), Hut 8 (HUT), Core Scientific (CORZ), and CleanSpark (CLSK) each rose 7% to 8% late in the U.S. trading session.

Meanwhile, AI infrastructure firm CoreWeave (CRWV) surged 23% to a new record high, extending its rally to more than 270% since its IPO in March.

Cryptocurrencies were also trading higher. Bitcoin gained 1.8% over the past 24 hours to $106,200, while the CoinDesk 20 Index—tracking the top 20 cryptocurrencies excluding stablecoins, memecoins, and exchange tokens—rose 2.8%. Solana (SOL), Uniswap (UNI), and Aave (AAVE) led the charge with gains of 5–6%.

Crypto-adjacent equities joined the rally as well: Coinbase (COIN) climbed 4.6%, and MicroStrategy (MSTR) added 4.2%.

In broader markets, the Nasdaq gained 0.8% and the S&P 500 closed up 0.6%, capping off a strong day for tech and crypto alike.