Share this article
Bitcoin Miners Notch Gains as Meta Signs 20-Year AI Deal With Nuclear Plant
The group may also be benefitting from a modest rise in the price of bitcoin on Tuesday.
Updated Jun 4, 2025, 2:39 p.m. Published Jun 3, 2025, 7:23 p.m.
What to know:
- Bitcoin mining stocks experienced gains as macroeconomic data and a significant AI-related energy deal boosted market sentiment.
- Cryptocurrencies were also higher on Tuesday, with BTC rising 1.8% and the CoinDesk 20 index up 2.8%, driven by strong performances from SOL, UNI, AAVE, and NEAR.
- Meta's 20-year agreement with a nuclear power plant for AI energy needs highlights tech giants' commitment to infrastructure, possibly impacting AI and crypto sectors.
Bitcoin trading at or about record highs hasn't proven to be much of a benefit to the roughed up the BTC miners, but perhaps the growing energy needs of the AI sector could prove to be the industry's salvation.
Social media giant Meta (META) on Tuesday inked a 20-year deal with a nuclear power plant to buy 1.1 gigawatts of electrical output for AI purposes — yet another signal that tech giants are serious about investing into the necessary infrastructure to power their data centers.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Bitcoin miners, a number of which have begun diversifying their operations for AI purposes, could be benefiting from the news. MARA Holdings (MARA), Riot Platforms (RIOT), Hut 8 (HUT), Core Scientific (CORZ) and CleanSpark (CLSK) are among those sporting sizable gains, each ahead 7%-8% with less than an hour to go before the close of U.S. trade.
CoreWeave (CRWV), one of the hottest players in the AI sphere, is up 23% on the day to a new record and higher by more than 270% since it went public in March.
Cryptocurrencies themselves are modestly in the green, with bitcoin up 1.8% in the last 24 hours at $106,200. The broader CoinDesk 20 (an index of the top 20 cryptocurrencies by market capitalization excluding exchange coins, memecoins and stablecoins), rose 2.8% in the same period of time, buoyed by solana , uniswap , aave {{AAVE)) and near each gaining roughly 5-6%.
Crypto-related equities Coinbase (COIN) and Strategy (MSTR) are up 4.6% and 4.2%, respectively.
A check of traditional markets finds the Nasdaq higher by 0.8% and the S&P 500 by 0.6%.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Більше для вас
Farcaster Switches to Wallet-First Strategy to Grow Its Social App
The protocol still consists of casts, follows, reactions, identities and wallets, and third-party clients are free to emphasize whichever components they want.
Що варто знати:
- Farcaster is shifting its focus from social media to its in-app wallet and trading features to drive user engagement.
- Cofounder Dan Romero acknowledged the lack of sustainable growth in their social-first strategy over the past 4.5 years.
- The wallet's trading tools have shown the strongest product-market fit, leading to a strategic pivot towards financial use cases.
Top Stories
