Compass Point analysts propose a framework that values AI data centers converted from bitcoin mining sites as rental income assets. They say Applied Digital, TeraWulf and Cipher Mining trade below the present value of signed contracts, while Core Scientific and Riot Platforms show different profiles.
In 2026, top Bitcoin miners outperformed BTC by up to 73% as they pivot to AI infrastructure. Terawulf leads with $12.8B in HPC contracts, signaling a structural shift.
Nine out of ten top publicly listed bitcoin mining companies saw share declines this week, with Applied Digital plunging 19.65%. Only Hut 8 bucked the trend, rising 7.52%. With the U.S. election looming, market volatility could shape Monday's open.
Activist investor Starboard Value urges Riot Platforms to speed up its AI and high-performance computing expansion, estimating the transformation could unlock $9 billion to $21 billion in equity value, far exceeding its current market cap.
Institutional investors increased holdings in Bitcoin miners during H1 2025, with IREN, CIFR, CORZ, APLD, and MARA leading in holder count and capital inflows. AI/HPC narratives remain the biggest draw, while miners without AI exposure face outflows.
Fresh 13F-based data shows institutions kept adding exposure to Bitcoin miners in H1 2025, with IREN, CORZ, APLD, CIFR, and MARA standing out as top recipients of new holders and capital inflows, driven largely by AI/HPC narratives.
In H1 2025, institutions significantly increased holdings in Bitcoin mining stocks, with IREN, CORZ, APLD gaining over 40 new holders each. AI/HPC plays dominate, while MARA remains the top non-HPC bet.
Institutional investors boosted holdings in Bitcoin mining stocks in H1 2025, with AI/HPC-exposed firms like IREN, CORZ, and APLD leading gains. MARA remains a top pick for pure Bitcoin beta.
