Bitcoin Miners Experience Gains Following Meta’s 20-Year Nuclear Power Deal
Bitcoin is trading near record highs, but BTC miners face challenges. The AI sector's increasing energy demand may provide some relief.
- Meta signed a 20-year deal with a nuclear power plant for 1.1 gigawatts of electricity for AI.
- Bitcoin miners diversifying into AI are seeing gains: MARA Holdings, Riot Platforms, Hut 8, Core Scientific, and CleanSpark up 7%-8% before U.S. market close.
- CoreWeave surged 23% today and over 270% since going public in March.
- Bitcoin rose 1.8% in 24 hours to $106,200; CoinDesk 20 index increased by 2.8%, driven by solana, uniswap, aave, and near gaining 5-6%.
- Crypto stocks Coinbase and Strategy up 4.6% and 4.2% respectively.
- Traditional markets: Nasdaq up 0.8%, S&P 500 up 0.6%.