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Bitcoin Miners Rally in Pre-Market as Sector Nears $90B Market Cap
AI and high-performance computing demand fuel fresh gains, with miners eyeing a potential $100 billion market cap by year-end
Oct 10, 2025, 9:24 a.m.
What to know:
- The collective market capitalization of miners is approaching $90 billion.
- IREN, TerraWulf, and other miners post strong pre-market gains, extending massive year-to-date rallies
- Microsoft warns of data center shortages lasting into 2026, highlighting surging demand for AI infrastructure.
Bitcoin miners are extending gains in pre-market trading as the artificial intelligence and high-performance computing (AI/HPC) boom accelerates, particularly benefiting those pivoting their operations toward AI infrastructure.
IREN (IREN) is up 4% at $66 after a 6% rise on Thursday, now up more than 520% year-to-date. TerraWulf (WULF) is 5% higher pre-market after a 10% surge on Thursday, bringing its YTD gain to 150%. Other notable movers include Cipher Mining (CIFR) CleanSpark (CLSK) and Bitfarms (BITF), which all trade 2%-4% higher in pre-market.
STORY CONTINUES BELOW
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The total market capitalization of the miners is nearing $90 billion, according to Farside data, and on this current trend could surpass $100 billion by year-end if current momentum continues.
The sector is also benefiting from broader trends, with Bloomberg reporting that Microsoft’s (MSFT) data center shortages will persist into 2026 due to soaring cloud and AI demand.
Despite adding as much as two gigawatts of new capacity, Microsoft is still struggling to scale infrastructure quickly enough to meet demand. As the growing demand for high-performance infrastructure continues, this is boosting optimism around bitcoin miners expanding into AI and data centers.
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.
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Sizin için daha fazlası
Proposed ‘AfterDark’ Bitcoin ETF Would Skip U.S. Trading Hours
The fund would hold bitcoin only overnight, betting on data showing bitcon gains mostly occur outside regular market hours.
Bilinmesi gerekenler:
- Nicholas Financial has filed with the SEC to launch a bitcoin ETF that holds BTC only during overnight hours.
- The “AfterDark” ETF buys bitcoin after U.S. stocks close for the day and then sells bitcoin and shifts into Treasuries during the American session.
- Data shows bitcoin tending to perform better when traditional U.S. markets are closed.
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