Bitcoin mining stock prices have been rising rapidly over the last week, as market enthusiasm continues to reward bitcoin miners venturing into AI.
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Over the last day, Bitdeer (NASDAQ: BTDR), Bitfarms (NASDAQ: BITF) Hut 8 (NASDAQ: HUT), CleanSpark (NASDAQ: CLSK), and Core Scientific (NASDAQ: CORZ) led price increases among major bitcoin miners, with each closing today up 27%, 8.8%, 7.5%, 5.3%, and 5.2% respectively.
Zooming out to the weekly timeframe, Bitfarms leads the pack, up 66% week-over-week as its valuation catches up to other AI-pivoting peers. Bitdeer, TeraWulf (NASDAQ: WULF), Hut 8, CleanSpark, and Cipher (NASDAQ: CIFR) followed Bitfarms, rising 29.5%, 23.2%, 21.4%, 20.4%, and 17.5%.
IREN lagged the above peers on the weekly time frame, but the company has been firmly in the investor spotlight recently and has outperformed the sector in 2025 and is up 1,100% over the last 6 months.
IREN announced today that it closed a $1 billion convertible note to advance its AI business, and Cantor Fitzgerald has issued a $100 price target for the miner, citing its neocloud business and the potential of its Sweetwater campus to hot AI/HPC loads.
The largest daily gainer today, Bitdeer came out of the woodwork for its AI business line with its biggest development yet, announcing in its September mining update that it expects to have 200 MW of critical IT load online in Southeast Asia by the end of 2026 with an estimated annual recurring revenue of $2 billion.
Bitcoin mining stock prices have been on a tear since the summer as these companies are swept up in the market’s AI investment play, and miners without clear AI or high performance compute business lines or deals on the table have been left behind in the buyer’s jubilee.
