Bitcoin Miners Rebound as Meta’s Nuclear AI Deal Sparks Infrastructure Optimism

Bitcoin miners may be getting a lift not just from a modest uptick in BTC prices, but from a broader shift in energy and infrastructure investment—driven by the AI boom.

Bitcoin (BTC) was last trading near all-time highs at $104,606.09 on Tuesday. While that alone hasn’t significantly revived battered mining stocks, the sector could be finding new momentum from the tech industry’s escalating energy demands.

On Tuesday, Meta (META) signed a landmark 20-year agreement to purchase 1.1 gigawatts of electricity from a nuclear power plant to support its artificial intelligence operations. The deal underscores a growing commitment among tech giants to secure long-term, stable energy sources for their AI-driven data centers.

The announcement appears to be resonating with crypto mining firms, many of which are expanding into AI and high-performance computing. Shares of Marathon Digital (MARA), Riot Platforms (RIOT), Hut 8 (HUT), Core Scientific (CORZ), and CleanSpark (CLSK) were each up 7%–8% late in Tuesday’s U.S. session.

AI-focused infrastructure company CoreWeave (CRWV) surged 23% to a new record high, bringing its gains since its March IPO to over 270%.

In the crypto market, Bitcoin gained 1.8% over the past 24 hours to reach $106,200. The CoinDesk 20 Index—which tracks the largest crypto assets excluding stablecoins, memecoins, and exchange tokens—rose 2.8%, led by strong performances from Solana (SOL), Uniswap (UNI), and Aave (AAVE), each up around 5–6%.

Crypto-adjacent equities also rallied: Coinbase (COIN) climbed 4.6%, while MicroStrategy (MSTR) advanced 4.2%.

Traditional markets moved higher as well, with the Nasdaq up 0.8% and the S&P 500 gaining 0.6%.