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    Home»Crypto News»Bitcoin»rewrite this title in other words: Mining Stocks Outperform Bitcoin in 2026 Amid AI Pivot
    Cointelegraph
    Bitcoin

    rewrite this title in other words: Mining Stocks Outperform Bitcoin in 2026 Amid AI Pivot

    May 2, 20263 Mins Read
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    Customgpt

    rewrite this content and keep HTML tags as is. This is content from rss feed and I don’t need their *Daily Debrief Newsletter*, their tags from bottom like this *Share this articleCategoriesTags*, Editorial Process section, phrases like *Featured image from Peakpx, chart from Tradingview.com*, SPECIAL OFFERS and similar sections – just remove such sections and save only article itself:

    Publicly traded crypto mining companies are posting strong gains in 2026, even as the broader crypto market remains under pressure.

    All ten of the largest publicly traded mining stocks are in positive territory year-to-date (YTD), with gains ranging from around 5% to more than 85%, according to data from Bitcoinminingstock.io.

    Top Bitcoin mining stocks by market cap. Source: Bitcoinminingstock.io

    Top Bitcoin mining stocks by market cap. Source: Bitcoinminingstock.io

    TeraWulf, Inc. leads the group with gains of about 85%, followed by Hut 8 Corp. at roughly 67% and Riot Platforms, Inc. at around 46%.

    kraken

    Other major miners have also posted strong gains, including Core Scientific, Inc., up about 40%, and Applied Digital Corporation, which has risen roughly 37% year-to-date.

    At the lower end, Bitdeer Technologies Group is up around 5%, making it the weakest performer among the top 10. Outside that group, American Bitcoin Corp., a Trump-linked Bitcoin mining and treasury company formed by Hut 8 and backed by Eric Trump and Donald Trump Jr., is down roughly 29%.

    The move comes even as Bitcoin (BTC) remains down around 20% YTD, even after gaining about 17% in the past 30 days.

    Source: CoinGecko
    Source: CoinGecko

    Source: CoinGecko

    Related: Canaan, Tether deepen partnership on immersion-cooled mining systems

    Top crypto miners move deeper into AI infrastructure

    The gains come as many of the largest mining companies push deeper into artificial intelligence and high-performance computing (HPC).

    On Thursday, Riot Platforms reported $167.2 million in revenue for the first quarter of 2026, with its data center business contributing $33.2 million, helping offset a decline in core mining revenue. CEO Jason Les described the quarter as an “inflection point,” as the company transitioned into a revenue-generating data center operator.

    Core Scientific, Inc. is also scaling its infrastructure, with plans to develop a Texas site into an AI-focused data center campus with up to 1.5 gigawatts of capacity, including about 1 gigawatt available for leasing. The company said roughly 300 megawatts currently used for Bitcoin mining at the site will be repurposed for data center operations.

    In February, HIVE Digital Technologies reported a 219% year-over-year jump in quarterly revenue as it built out its AI and high-performance computing business, as well as a $30 million contract to deploy Nvidia GPUs for enterprise AI cloud customers. That same month, MARA Holdings, Inc. acquired a 64% stake in French AI data center company Exaion.

    A report from Bernstein last week said IREN Limited, the largest publicly traded miner by market cap, could eventually “sunset” its Bitcoin mining operations as it repurposes sites for GPU-based workloads.

    Magazine: Why is Ethereum Foundation selling? BTC futures warning signs: Market Moves

    Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
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