{"id":48458,"date":"2026-07-23T19:05:36","date_gmt":"2026-07-23T19:05:36","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=48458"},"modified":"2026-07-23T19:05:36","modified_gmt":"2026-07-23T19:05:36","slug":"bitcoin-slumps-but-these-mining-stocks-are-up-thanks-to-ai-deals","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=48458","title":{"rendered":"Bitcoin Slumps But These Mining Stocks Are Up Thanks to AI Deals"},"content":{"rendered":"

Bitcoin Magazine<\/a>
\n
\nBitcoin Slumps But These Mining Stocks Are Up Thanks to AI Deals<\/a><\/p>\n

<\/div>\n

Bitcoin may be slumping \u2014 along with the Nasdaq in general \u2014 but one technology investment seems to be doing well: publicly-traded mining companies.\u00a0<\/p>\n

Top U.S. Bitcoin mining companies \u2014 Hut 8, CleanSpark, and MARA \u2014 all experienced gains between 3-7% on Thursday, despite a sell-off<\/a> across other assets.\u00a0<\/p>\n

The Bitcoin price was down about 2% Thursday, trading for $64,760. Major stock indices also took a hit \u2014 including the tech heavy Nasdaq \u2014 but a handful of miners continued to rally on new deals related to high-powered computing and artificial intelligence.\u00a0<\/p>\n

Hut 8 announced Monday that it had signed<\/a> a second 15-year lease for 352 megawatts of IT capacity at its Beacon Point campus in Nueces County, Texas \u2014 doubling the site\u2019s tenant to 704 MW of contracted capacity and fully commercializing the campus against its 1,000 MW of utility capacity.<\/p>\n

And on Tuesday, IREN Limited signed $2.8 billion in new AI cloud contracts. Formerly a Bitcoin miner, IREN is now transitioning to mostly providing high-powered computing to power AI demand.\u00a0<\/p>\n

Both experienced price jumps Thursday morning in New York, with Hut 8 sustaining its rally.\u00a0<\/p>\n

AI deals\u00a0<\/h2>\n

A number of Bitcoin miners are focusing on the industry as minting the biggest cryptocurrency becomes harder and demand for AI compute surges.\u00a0<\/p>\n

As the price Bitcoin has dipped, it has become harder for Bitcoin miners to make ends meet.\u00a0<\/p>\n

Instead of dropping mining operations completely, a number of Bitcoin miners have instead marketed themselves as \u201ccompute\u201d or \u201cdigital infrastructure\u201d companies while switching between minting digital coins and providing compute for AI \u2014 depending on which is more profitable.<\/p>\n

Top miners Terawulf, IREN, and Cipher Mining all last year signed multi-year HPC contracts with Alphabet Inc.\u2019s Google and Microsoft.<\/p>\n

Both the crypto mining and HPC industries require huge amounts of energy and data centers. However, running AI data centres require more expertise than Bitcoin mining.<\/p>\n

This post Bitcoin Slumps But These Mining Stocks Are Up Thanks to AI Deals<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Mathew Di Salvo<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Bitcoin Slumps But These Mining Stocks Are Up Thanks to AI Deals Bitcoin may be slumping \u2014 along with the Nasdaq in general \u2014 but one technology investment seems to be doing well: publicly-traded mining companies.\u00a0 Top U.S. Bitcoin mining companies \u2014 Hut 8, CleanSpark, and MARA \u2014 all experienced gains between 3-7% […]<\/p>\n","protected":false},"author":1,"featured_media":48459,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-48458","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin"],"yoast_head":"\nBitcoin Slumps But These Mining Stocks Are Up Thanks to AI Deals - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=48458\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Slumps But These Mining Stocks Are Up Thanks to AI Deals - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"Bitcoin Magazine Bitcoin Slumps But These Mining Stocks Are Up Thanks to AI Deals Bitcoin may be slumping \u2014 along with the Nasdaq in general \u2014 but one technology investment seems to be doing well: publicly-traded mining companies.\u00a0 Top U.S. Bitcoin mining companies \u2014 Hut 8, CleanSpark, and MARA \u2014 all experienced gains between 3-7% […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptomag.finance\/?p=48458\" \/>\n<meta property=\"og:site_name\" content=\"Cryptomag\" \/>\n<meta property=\"article:published_time\" content=\"2026-07-23T19:05:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2026\/07\/Bitcoin-Slumps-But-These-Mining-Stocks-Are-Up-Thanks-to-AI-Deals.jpg\" \/>\n<meta name=\"author\" content=\"Crypto Magazine\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptomagz\" \/>\n<meta name=\"twitter:site\" content=\"@cryptomagz\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Crypto Magazine\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=48458#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=48458\"},\"author\":{\"name\":\"Crypto Magazine\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#\\\/schema\\\/person\\\/f749cd846c4f13ef717c12a20ce9d040\"},\"headline\":\"Bitcoin Slumps But These Mining Stocks Are Up Thanks to AI Deals\",\"datePublished\":\"2026-07-23T19:05:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=48458\"},\"wordCount\":352,\"image\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=48458#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cryptomag.finance\\\/wp-content\\\/uploads\\\/Bitcoin-Slumps-But-These-Mining-Stocks-Are-Up-Thanks-to-AI-Deals-xEgztz.jpg\",\"articleSection\":[\"Bitcoin\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=48458\",\"url\":\"https:\\\/\\\/cryptomag.finance\\\/?p=48458\",\"name\":\"Bitcoin Slumps But These Mining Stocks Are Up Thanks to AI Deals - 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