PANews
PANews|Jul 31, 2026 00:27
[Crypto Mining Companies Transitioning to AI See Stock Prices Surge: IREN Closes Up 30.54%, Bitdeer Up 24.72%] Bybit market data shows that the stock prices of six core Bitcoin mining companies venturing into AI data centers soared collectively on Thursday. Among them, IREN's stock price closed up 30.54%, Bitdeer up 24.72%, Riot Platforms up 21.27%, CleanSpark up 21.07%, and HIVE Digital up 18.34%. The Block analyzed that this surge is related to the forced liquidation of the public stock portfolio of Situational Awareness, a hedge fund under former OpenAI researcher Leopold Aschenbrenner. The fund liquidated its holdings to meet margin calls, with most of the stocks being acquired by Ken Griffin's Citadel.
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