Share this article
CoinShares Bitcoin Mining ETF Hits Record High as AI Stocks Extend Rally
The ETF climbed past its debut price as Oracle’s AI-fueled cloud surge lifted tech momentum.
Updated Sep 10, 2025, 1:35 p.m. Published Sep 10, 2025, 10:26 a.m.
What to know:
- WGMI shares touched $33.13, up 44% year-to-date, driven by strong gains in IREN (+188%) and Cipher Mining (+90%).
- Oracle’s $455B backlog and upgraded 77% cloud revenue growth forecast highlight soaring AI demand.
The CoinShares Bitcoin Mining ETF (WGMI) rose 12% to a record $33.13 on Tuesday as Nebius Group’s $17.4 billion agreement to supply GPUs to Microsoft boosted crypto mining and AI-related stocks across the board
The exchange-traded fund is now 44% higher year-to-date and has surpassed its market debut level of around $30.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The top two holdings have been standout performers year-to-date:
- IREN (IREN) has surged 188%
- Cipher Mining (CIFR) has climbed 90%
WGMI manages $175.7 million in total assets with an expense ratio of 0.75%.
AI momentum
The Nebius-Microsoft deal sparked a rally in AI-focused mining stocks on Tuesday, adding to momentum from the broader AI movement.
AI euphoria also boosted Oracle (ORCL), which surged 30% in pre-market trading on Wednesday. The company, a database software developer that has pivoted to cloud computing, raised its cloud revenue growth forecast to 77% on soaring AI demand, according to Financial Times. Its backlog surged 359% to $455 billion, fueled by massive AI-driven cloud contracts.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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.
More For You
BTC, Nasdaq Futures Drop as Oracle Earnings Revive AI Bubble Fears
Oracle shares tanked after the firm revealed an earnings miss.
What to know:
- Bitcoin slipped below $90,000 as traders treated the Fed’s rate cut as a sell the news event, unwinding optimism that had been priced in ahead of the decision.
- Oracle shares fall 12% on earnings and capex guidance, yet credit market signals suggest a repricing of risk rather than distress.
Top Stories
