Bitcoin climbed back above $87,000 on Monday as crypto-linked equities—particularly miners pivoting into AI and high-performance computing—rallied sharply.

The rebound follows last week’s broad sell-off across risk assets. Markets found fresh momentum after Amazon (AMZN) announced plans to invest up to $50 billion in expanding artificial intelligence and supercomputing infrastructure for the U.S. government, a development that boosted sentiment across tech and digital assets.

By midday on the U.S. East Coast, the Nasdaq was up 2.3%, while the S&P 500 gained 1.4%.

Bitcoin miners with AI-aligned strategies led the surge. Cipher Mining (CIFR) jumped 18%, while CleanSpark (CLSK) and IREN (IREN) rose 13% each. Hut 8 (HUT) advanced 9%.

Broader crypto-exposed stocks also traded higher, with Coinbase (COIN), Galaxy Digital (GLXY), and Bullish (BLSH) posting gains of 4%–5%.