Crypto Stocks Surge Amid Shift Away from AI Infrastructure Plays

Crypto-related equities enjoyed a strong day on Monday as Bitcoin approached $65,000. Strategy shares climbed roughly 3% to $94.43, BitMine surged nearly 7% to $17, and SharpLink advanced about 5% to $6.07.

This capital rotation out of AI infrastructure stocks and into digital asset proxies has been a recurring pattern throughout 2026, with money flowing back and forth between the two sectors.

Bitcoin miners have been pivoting toward AI data center contracts to diversify their revenue streams, blurring the line between what counts as a 'crypto stock' and what counts as an 'AI stock.' Hut 8 announced a 15-year, $9.8 billion lease for its Beacon Point AI data center campus in Texas on July 20.

Corporate Bitcoin treasuries, such as Strategy's holdings of 843,775 BTC at an average cost of $75,476 per coin, are still underwater due to the rise in Bitcoin's price.