BTC Miners are the Biggest Beneficiaries of Stellar NVIDIA Earnings
Bitcoin miners surged pre-market following NVIDIA's strong Q3 earnings beat and positive Q4 outlook.Summary
Artificial intelligence (AI) and high-performance computing (HPC) related stocks, particularly Bitcoin miners, experienced a significant surge in pre-market trading after NVIDIA reported better-than-expected Q3 earnings and issued a robust Q4 forecast. This positive sentiment helped counteract recent market nervousness stemming from U.S. jobs data delays and fading expectations for interest rate cuts. Specific beneficiaries included IREN, Cipher Mining (CIFR), and Hive Digital (HIVE), all showing substantial gains. Separately, Kindly MD (NAKA) reported delayed Q3 results, showing a net loss of $86 million driven by merger-related charges and unrealized bitcoin losses, despite holding 5,398 BTC in treasury as of November 12.
(Source：CoinDesk)