Bitcoin mining stocks rally as AI infrastructure optimism lifts sector outlook

Several publicly traded Bitcoin mining companies rose on Tuesday as a semiconductor-led equity rally revived optimism that miners' power-intensive data centers can be redeployed for AI and high-performance computing. TeraWulf (WULF) gained as much as 17% after news tied to a Kentucky data center acquisition site, while Hut 8 (HUT), IREN (IREN) and Riot Platforms (RIOT) ended the session up more than 5%.