Bitcoin Miners Rally in 2026 as AI Shift Lifts Stocks Up to 85%

Publicly traded Bitcoin mining companies are seeing strong gains in 2026, even though the wider crypto market is still under pressure. 

Most of the largest listed miners are in positive territory this year, with stock gains ranging from about 5% up to more than 85%, according to Bitcoinminingstock.io. This rise is spread across the sector’s biggest names, showing a broad upward move rather than just one or two winners.

Key market winners and top performers

At the top, TeraWulf, Inc. is leading with about 85% gains so far in the year. Hut 8 Corp. follows with roughly 67%, while Riot Platforms, Inc. is up around 46%.

Core Scientific, Inc. has climbed about 40%, and Applied Digital Corporation is up roughly 37%. Bitdeer Technologies Group is at the lower end with around 5% growth, making it the weakest performer in the group.

Outside the top ten, American Bitcoin Corp., a mining and treasury company linked to Eric Trump and Donald Trump Jr., is down about 29% for the year.

Meanwhile, Bitcoin (BTC) itself remains under pressure. According to data from CoinMarketCap, Bitcoin is down around 10% year-to-date, even after a recent 17% rise over the past month. In short, mining stocks are not moving in line with Bitcoin’s price.

Bitcoin vs mining stocks moving differently

A key reason behind this gap is that mining companies are changing how they operate. Many of them are now moving into artificial intelligence and high-performance computing.

For instance, Riot Platforms is one example of this shift. On Thursday, the company reported $167.2 million in revenue for Q1 2026, with $33.2 million coming from its data center business. This part of the business has helped it balance its underperforming mining revenue.

Core Scientific is also expanding in this area. It plans to turn a Texas site into an AI-focused data center campus with up to 1.5 gigawatts of capacity. About 300 megawatts currently used for Bitcoin mining will be switched to data center use, with around 1 gigawatt available for leasing.

HIVE Digital Technologies recently reported a 219% increase in revenue compared to last year, driven by its AI and high-performance computing business. It also signed a $30 million deal to supply Nvidia GPUs for AI cloud services. In the same period, MARA Holdings acquired a 64% stake in French AI data center company Exaion, expanding its AI exposure.

In short, Bitcoin mining companies are no longer focused solely on mining. They are increasingly turning into AI and data center infrastructure firms, and this shift is now playing a major role in how the market values their stocks.

Also Read: Bitcoin Rises Past $78K as Senate Advances Digital Asset Bill