NVIDIA’s Strong Outlook Boosts Pre-Market Sentiment for Bitcoin Miners as NAKA Posts Delayed Q3 Losses

NVIDIA’s (NVDA) Q3 earnings beat and upbeat Q4 guidance have sparked a broad pre-market rally across artificial intelligence (AI) and high-performance computing (HPC) equities, with bitcoin miners tied to these sectors leading the surge.

The results helped ease recent market concerns stemming from delayed U.S. jobs data, waning expectations for additional rate cuts, and bitcoin’s 30% retreat from its all-time high.

AI- and HPC-aligned bitcoin miners were among the strongest performers following the earnings report. IREN (IREN) climbed more than 8% to around $50, Cipher Mining (CIFR) gained 11% to above $16, and Hive Digital (HIVE) advanced over 6% to $3.28. Broader tech also rebounded, with the Invesco QQQ up more than 1.5% to $610 and NVIDIA rising over 5%. The renewed strength in tech supported the DXY Index, which moved back above 100 for the first time since Nov. 5.

NAKA Q3 Earnings

Separately, Kindly MD (NAKA) released its long-delayed Q3 results. The company reported $0.4 million in revenue from its medical division, down from $0.6 million in the same quarter last year.

NAKA posted a net loss of $86 million for Q3 2025, largely due to non-cash expenses related to its Nakamoto merger and unrealized losses on its bitcoin holdings.

As of Sept. 30, the company held $24 million in cash and owned 5,765 BTC acquired at an average cost of $118,204. Of that, 367 BTC has been allocated to investments—including in Metaplanet (3350)—leaving 5,398 BTC in treasury as of Nov. 12. NAKA also carries $203 million in convertible notes.

Shares of NAKA traded at $0.54 in pre-market hours, roughly unchanged, valuing the company at 0.916 times its mNAV