Introduction to Crypto Mining Stocks
Bitcoin hasn’t fared well over the past month and continued to drop after falling below $100,000. Crypto mining stocks also felt the pain since their earnings are heavily tied to Bitcoin, but a few of those self same stocks can still rally attributable to their involvement in artificial intelligence and other initiatives.
Nebius (NBIS): A Crypto Miner with AI Ambitions
Nebius is certainly one of several crypto miners which have pivoted into AI data centers. The company addresses the energy and computing bottlenecks that face tech giants, but the corporate is heavily invested in two brands that may harness AI to achieve more customers. Autonomous vehicle developer Avride and edtech company TripleTen are two long-term investments that add more value to NBIS stock.
Nebius has recently secured a 5-year cope with Meta Platforms, valued at roughly $3 billion. That partnership got here on the heels of a multi-billion-dollar cope with Microsoft. Those partnerships aren’t fully reflected in current revenue numbers, but that didn’t stop Nebius from delivering 355% year-over-year revenue growth in Q3.
Goldman Sachs recently reiterated its Buy rating for the stock while raising its price goal from $137 to $155 per share. “AI demand-supply imbalance underpins continued strength in its core operations,” the firm said in its research.
IREN (IREN): Focused on AI Cloud Services
While Nebius is diversified into other investments and in addition offers a software stack for its customers, IREN is solely focused on providing AI cloud services. It solves the AI energy bottleneck like Nebius, but its 3.2 gigawatt pipeline and skill to supply AI data centers at scale give it a bonus.
IREN also secured a serious cope with Microsoft value $9.7 billion over five years. The deal gives Microsoft access to 200 megawatts. Once IREN taps into its full pipeline, it may possibly support 16 deals just like the Microsoft contract. IREN still mines Bitcoin, and it represented 97% of Q1 FY26 revenue. AI cloud services revenue didn’t move by much year-over-year, however the Microsoft deal can fuel substantial growth in that segment.
Terawulf (WULF): Expanding Capacity for AI Data Centers
Terawulf is closer to IREN than it’s to Nebius. It’s one other crypto miner that is determined by crypto but has signed big tech deals that set the stage for an AI pivot. The crypto miner intends to extend its contracted capability by 250-500 megawatts per 12 months.
For context, Terawulf allocated 168 megawatts to Fluidstack for $9.5 billion over a 25-year lease agreement. Fluidstack is backed by Google, which might open the door to additional deals. The lease involves $380 million per 12 months, or $2.26 million per 12 months for every megawatt.
Conclusion
In conclusion, while Bitcoin’s recent drop has affected crypto mining stocks, firms like Nebius, IREN, and Terawulf are poised to rally attributable to their involvement in artificial intelligence and other initiatives. These firms have secured major deals with tech giants like Microsoft and Meta Platforms, which can drive growth of their AI cloud services segments. As the demand for AI continues to grow, these stocks are more likely to profit, making them attractive investments for those seeking to capitalize on the AI trend.
