3 Crypto Mining Stocks That Can Rally Even As Bitcoin Price Falls
Three crypto mining stocks—Nebius (NBIS), IREN (IREN), and Terawulf (WULF)—may rally despite Bitcoin's decline due to their strategic pivots toward AI infrastructure.Summary
Despite Bitcoin's recent price drop impacting crypto mining stocks, three specific companies—Nebius (NBIS), IREN (IREN), and Terawulf (WULF)—show potential for rallies due to their diversification into artificial intelligence (AI) infrastructure.
Nebius (NBIS) is heavily invested in AI data centers, securing major deals with Meta Platforms (approx. $3 billion over 5 years) and Microsoft, leading to 355% year-over-year revenue growth in Q3, seemingly pivoting away from direct Bitcoin reliance. Goldman Sachs reiterated a Buy rating with an increased price target.
IREN (IREN) focuses solely on AI cloud services, solving AI energy bottlenecks with a large pipeline, including a $9.7 billion, five-year deal with Microsoft. While currently dependent on Bitcoin for 97% of Q1 FY26 revenue, the AI segment is poised for substantial growth, supported by a Buy rating from Roth MKM.
Terawulf (WULF) is also pivoting, having signed a significant 25-year lease agreement worth $9.5 billion with Fluidstack, a company backed by Google. This deal positions Terawulf to generate substantial annual recurring revenue from AI data centers, even as current results are driven by Bitcoin prices, leading Compass Point to maintain a Buy rating.
(Source：BeInCrypto)