Bitcoin Miners Surge as AI Deal Ignites Market Rebound

Bitcoin mining equities roared back Monday, outpacing most of the crypto sector as names like Bitfarms and Cipher Mining posted double-digit gains. Bitfarms jumped about 26%, and Cipher climbed near 20%. Other miners including Bitdeer, IREN, and Marathon also participated in the rally, rising around 10%. This sudden strength highlights how speculative capital is tilting toward mining firms viewed as bridges between crypto and AI infrastructure.

Much of the renewed optimism traces back to OpenAI’s announcement of a strategic deal with Broadcom to develop custom AI chips. The market interpreted it as a signal that computational demand will soar, benefiting entities with ready access to power, cooling, connectivity—and in many cases, mining infrastructure. Miners that already operate large-scale facilities are now being revalued not just for BTC exposure, but for potential roles in supporting AI compute as well.

Still, the upside is not guaranteed. The next tests will be whether these miners can sustain performance amid higher utilization, maintain power cost discipline, and execute pivots into hybrid compute without undermining their Bitcoin base. If AI demand remains durable, and macro conditions stay favorable, mining stocks could be revealing a longer-term inflection point—not just a short-term bounce.