After transitioning to AI, stock prices continued to rise, with Cipher and Hut 8 reaching new all-time highs.

Odaily Planet Daily News The stock prices of Bitcoin mining companies transitioning to AI and hyperscale computing continue to rise. IREN rose over 13% on Wednesday, approaching an all-time high. The company previously announced a $3 billion convertible bond offering, in partnership with NVIDIA to build a 5-gigawatt AI data center, and acquired Mirantis for $625 million; on Tuesday, it also reached a $1.6 billion agreement with Dell to supply Blackwell AI systems. Cipher and Hut 8 both hit new all-time highs, with Cipher rising approximately 9.5% to $25, and Hut 8 rising nearly 5% to $118. Over the past year, Hut 8 has surged nearly 600%. TeraWulf rose over 6% on Wednesday and has increased around 800% over the past year, with its HPC business quarterly revenue exceeding Bitcoin mining revenue for the first time.