Bitcoin Miners Gaining Strength in Pre-Market

Bitcoin Miners' Market Value Set to Surpass $90 Billion

Bitcoin (BTC) miners continue to increase their gains in pre-market trading alongside the accelerating growth in the fields of artificial intelligence and high-performance computing (AI/HPC). IREN (IREN) rose by 4% to reach $66, following a 6% increase on Thursday, and has gained over 520% since the beginning of the year. TerraWulf (WULF) is also trading up 5% in pre-market after a 10% surge on Thursday, bringing its annual gain to around 150%.

Other notable movers include Cipher Mining (CIFR), CleanSpark (CLSK), and Bitfarms (BITF), which are all registering increases of 2% to 4% in pre-market trading. According to Farside data, the total market value of miners is approaching $90 billion. If the current trend continues, it is expected to exceed $100 billion by the end of the year.

The sector is also benefiting from expanding market demands. Bloomberg reports that Microsoft (MSFT) is facing data center shortages that are likely to persist until 2026 due to increased cloud and AI demand. Despite adding new capacity, Microsoft is struggling to quickly expand its infrastructure to meet demand. The rising demand for high-performance infrastructure is boosting Bitcoin miners' optimism about their expansion into AI and data centers.