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AI spending surge could lift bitcoin miners Cipher Mining, Hut 8 and IREN

1 min read
Source: CoinDesk
AI spending surge could lift bitcoin miners Cipher Mining, Hut 8 and IREN
Photo: CoinDesk
TL;DR

Meta’s planned 2026 AI-related capex of about $115–$135 billion could boost demand for AI hardware, a development some see benefiting bitcoin miners Cipher Mining (CIFR), Hut 8 (HUT), and IREN.

Topics:businessmarkets#ai#bitcoin-mining#cipher-mining#markets#meta#mining-industry
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  1. IREN, Cipher Mining (CIFR) and Hut 8 (HUT) could be set to add to AI-related gains  CoinDesk
  2. From Meta to Samsung, Global Tech Unleashes Spending to Chase AI  Yahoo Finance
  3. Meta and Microsoft both blew their data center budgets last quarter. Wall Street is only mad at one of them.  Business Insider
  4. After-hours movers: Meta Platforms, Microsoft, IBM and more  Investing.com
  5. Closing Bell Movers: Meta up 8%, Microsoft down 7% on earnings  TipRanks

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