Bitcoin Miners Tied to AI Rise After Nvidia Earnings Beat And Strong Outlook

Bitcoin miners tied to AI and high-performance computing infrastructure traded modestly higher after Nvidia posted a big earnings beat and strong outlook, even as Nvidia shares were down about 1.5% at the time of publication.

“Bitcoin miners tied to AI rise as Nvidia posts big earnings beat and strong outlook Nvidia's stronger-than-expected results and bullish AI outlook lifted crypto mining stocks tied to data center and high-performance computing demand, even as the chipmaker's shares fell due to growth concerns”

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Nvidia reported first-quarter revenue of $81.62 billion, up 85% from $44.06 billion a year earlier and above Wall Street estimates of $78.9 billion, with adjusted earnings of $1.87 per share versus $1.76 expected.

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Nvidia also forecast roughly $91 billion in revenue for the current quarter and authorized an additional $80 billion in stock buybacks while raising the quarterly dividend to 25 cents per share from 1 cent previously.

In the same earnings context, Core Scientific and Cipher Mining each rose slightly in after-hours trading, with investors viewing some miners as potential beneficiaries of growing demand for data centers, power capacity and AI computing infrastructure.

US stocks moved higher as the S&P 500 rose 0.26% and the Nasdaq gained 0.61% after three consecutive losing sessions, with the Dow slipping 75 points or 0.15% as investors focused on Nvidia’s fiscal first-quarter earnings after the close.

Crypto and DeFi risk flows, fundraising and token launch activity on CEXs and DEXs were framed as potentially tempered by elevated Treasury yields, with the 10-year Treasury yield reaching 4.687% on Tuesday and easing to around 4.64% Wednesday.

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The semiconductor rally that lifted the Nasdaq included shares of Marvell Technology climbing roughly 7.4%, Intel gaining nearly 7.5%, and Micron Technology adding more than 2.5%.

In parallel, Nvidia’s AI outlook was described through CEO Jensen Huang’s statement that "The buildout of AI factories — the largest infrastructure expansion in human history — is accelerating at extraordinary speed," as investors looked for evidence that AI-related spending could keep supporting elevated valuations.

IREN Limited shares jumped in regular Nasdaq trading on Wednesday, rebounding with the broader AI infrastructure trade, and were up 9.4% at $52.23 after trading between $48.50 and $52.34 on volume of more than 23 million shares.

“Dow slips as Nvidia rally lifts Nasdaq ahead of crucial earnings Share: US stocks ticked higher as the S&P 500 rose 0”

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The move was tied to IREN being described as a live proxy for artificial intelligence data-center demand and the reinvention of bitcoin miners as power-heavy cloud providers, with the partnership driver anchored by Nvidia and IREN’s data-center pipeline.

TechStock² also reported that IREN signed a five-year, $3.4 billion AI cloud contract with Nvidia using air-cooled Blackwell platform systems at about 60 megawatts of existing data-center capacity in Childress, Texas, targeting a ramp from early 2027.

But the same report said IREN’s fiscal third-quarter revenue was $144.8 million, down from $184.7 million in the prior quarter, and its net loss was $247.8 million, with the decline tied partly to lower bitcoin prices and the removal of mining machines before GPU installation and billing.