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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.
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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%.
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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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U.S. jobs report, Ethereum upgrade: Crypto Week Ahead
Your look at what's coming in the week starting Jan. 5.
What to know:
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