Bitcoin Mining Stocks Soar as AI-Driven Shift Gains Traction

Shares of Bitcoin mining companies jumped pre-market, with IREN, TerraWulf, Cipher Mining, CleanSpark and Bitfarms all seeing gains ranging from 2% to 5%. IREN led the pack, soaring over 500% since the start of the year, currently trading around $66 after a positive Thursday close. TerraWulf followed with another 10% increase, adding around 5% more to its already strong performance. According to Farside data, the sector’s total market value is rapidly approaching $90 billion and could surpass $100 billion by year’s end if this momentum continues.