AI spending surge could lift bitcoin miners Cipher Mining, Hut 8 and IREN
TL;DR Summary
Meta’s planned 2026 AI-related capex of about $115–$135 billion could boost demand for AI hardware, a development some see benefiting bitcoin miners Cipher Mining (CIFR), Hut 8 (HUT), and IREN.
- IREN, Cipher Mining (CIFR) and Hut 8 (HUT) could be set to add to AI-related gains CoinDesk
- From Meta to Samsung, Global Tech Unleashes Spending to Chase AI Yahoo Finance
- Meta and Microsoft both blew their data center budgets last quarter. Wall Street is only mad at one of them. Business Insider
- After-hours movers: Meta Platforms, Microsoft, IBM and more Investing.com
- Closing Bell Movers: Meta up 8%, Microsoft down 7% on earnings TipRanks
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