Bitcoin Miners Chase AI Gold Rush Amid Speculative Frenzy

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What to know:

  • Riot, IREN, and Bit Digital seem to think it’s 1849 all over again – riding a mini gold rush, but instead, it’s digital coins instead of nuggets. 🚀
  • OpenAI, Oracle, and SoftBank dancing around their gargantuan Stargate project, fuel rumors-are miners about to become the new energy vampires? 🧛‍♂️

The markets, that fickle beast, keep the pace: the price of Bitcoin remains as lively as a hibernating bear, while firms with Bitcoin treasure chests have gone from boom to bust faster than you can say “digital gold.” Yet, our brave miners-those tireless digital prospectors-are partying hard, riding the AI and high-performance computing wave like it’s the Czar’s court. 🎉

Wednesday’s spectacle saw sectors leap, with Riot Platforms (RIOT) and IREN leading the parade at roughly 13% gains-because why not? Hut 8 (HUT), CleanSpark (CLSK), and Bit Digital (BTBT) managed around 6%, proving that in the realm of speculation, even small fishes can swim with the sharks. Since April, IREN has been the star, soaring nearly 500%, perhaps thinking it’s the last piece of Tsar Nicholas’s empire. 😂

All this excitement is fueled by the grand plans of OpenAI, Oracle, and SoftBank-they’re building almost a trillion-dollar kingdom of AI infrastructure, with data centers sprouting like mushrooms after rain. The plan? Nearly 7 gigawatts of capacity, aiming for 10 gigawatts by 2025, as if energy was as cheap as Moscovian vodka. ⚡

Now, some wise folks whisper that the whole AI demand excitement might be a bubble ready to pop-sooner or later, bubbles tend to do that. But no worries: our AI miners are the big winners, basking in the capital rush and infrastructure spree to chug that energy like a Cossack at a feast. 🥂

Even stalwarts like Riot (RIOT) and CleanSpark (CLSK), traditionally pure Bitcoin players, have dipped toes into the AI and supercomputing waters. RIOT’s up 85% this year-imagine a miner with a good mood, if you can-while CLSK is up 55%. Meanwhile, little MARA has become the accountant of the sector, just tickling a 10% gain, probably wondering if it should have stayed with the treasure chest rather than chasing AI dreams. 🧐

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2025-09-24 18:54