Artificial Intelligence and HPC Support Bitcoin Mining Stocks

Bitcoin surpassed the $123,000 level last Friday, closing the week with a 10% increase. This is recorded as the best weekly performance of the year. According to CoinDesk market data, cryptocurrency stocks involved in artificial intelligence (AI) and high-performance computing (HPC) are performing better compared to their counterparts that are not in similar positions.

Cipher Mining (CIFR) rose by 5% to $15.40 in pre-market trading, preparing to break a new record. BitDigital (BTBT) increased by 3% to $3.61, while Iris Energy (IREN) also saw a 5% rise to $53, with this stock reaching historical peaks as well. CleanSpark (CLSK) reached $16.46 with an increase of over 3%, returning to the levels seen in November 2024.

On the other hand, companies not directly related to Bitcoin decentralized protocols are lagging in performance. Metaplanet (3350) dropped by 5% to 591 yen. MicroStrategy (MSTR) reached $359 with only a 2% increase in pre-market trading.

This year, the performance of cryptocurrency-related stocks has varied significantly. Iris Energy (IREN) has increased by 382%, Cipher Mining (CIFR) by 205%, Metaplanet by 74%, MicroStrategy (MSTR) by 17%, and Bit Digital (BTBT) by 12%. This indicates that investors prefer some Bitcoin-related firms over others, revealing a growing disparity in the sector.