Crypto
Bitcoin Mining Stocks Rebound with Semiconductor Boom
Bitcoin mining stocks experienced a surge on Tuesday as semiconductor gains and rising AI infrastructure demand boosted investor sentiment.
The Philadelphia Semiconductor Index rose 5.6% on the day, its biggest gain in months, and has now increased nearly 77% year-to-date, according to Yahoo Finance data.
Hut 8, IREN, and Riot Platforms each closed more than 5% higher, while TeraWulf climbed as much as 17% following separate news of a Kentucky data center acquisition.