Crypto mining stocks jumped on Tuesday after Nebius Group announced a five-year agreement to supply Microsoft (MSFT) with graphic processing units valued at $17.4 billion.

The deal, aimed at bolstering Microsoft’s artificial intelligence infrastructure, sparked investor enthusiasm for companies with large-scale computing power, bitcoin miners among them.

The rally in mining shares came even as bitcoin (BTC) itself gave up an early advance and declined by about 1% to $111,100 over the past 24 hours. The contrast underscored how investor attention is increasingly tied to the role mining infrastructure could play in the AI boom rather than just bitcoin’s price action.

Leading was a 22% gain for Bitfarms (BITF), while shares of Cipher Mining (CIFR) rose 20%. IREN (IREN), Hut 8 (HUT), Riot P

See Full Page