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Crypto Market Mood Lifted as Amazon Pours $50B Into AI Infrastructure
The price of bitcoin jumped back above $87,000 and crypto miners with a focus on AI/high-performance computing are surging.
Updated Nov 24, 2025, 5:13 p.m. Published Nov 24, 2025, 5:10 p.m.
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What to know:
- Amazon announced a $50 billion investment in AI and supercomputing infrastructure in the U.S.
- Markets are rallying across the board, with bitcoin retaking the $87,000 level and the Nasdaq rising more than 2%.
- Bitcoin miners, many of whom have shifted business models to focus on AI/HPC, are surging double-digit percentages in some cases.
Last week's flush lower across markets — particularly crypto markets — is seeing at least a temporary reversal Monday, with investors cheered by Amazon's (AMZN) plans to invest up to $50 billion to expand artificial intelligence and supercomputing infrastructure for the U.S. government.
The news has helped send the Nasdaq higher by 2.3% at the noon hour on the east coast and the S&P 500 by 1.4%.
STORY CONTINUES BELOW
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The risk-on attitude of markets is spreading to crypto, boosting bitcoin back to $87,300 after nearly falling through $80,000 at one point on Friday. Bitcoin still remains lower by more than 7% on a week-over-week basis.
The largest beneficiary of the Amazon news for now are the bitcoin miners who have tweaked business models to focus on AI infrastructure and high-performance computing. Cipher Mining (CIFR) surged 18%, while CleanSpark (CLSK) and IREN (IREN) gained 13%. Hut 8 (HUT) was higher by 9%.
Other crypto-related names in the green include Coinbase (COIN), Galaxy Digital (GLXY) and Bullish (BLSH), all sporting advances of 4%-5%.
Read more: Rumble Gains 13% After Tether Boosts Stake by 1M Shares
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.
