Bitcoin climbed back above $87,000 on Monday, fueling a strong rebound across crypto-linked equities, especially miners that have integrated AI and high-performance computing into their business models.
The upswing reverses part of last week’s broad sell-off in risk assets. Markets turned higher after Amazon (AMZN) revealed plans to deploy up to $50 billion toward expanding AI and supercomputing infrastructure for the U.S. government—a major investment that boosted confidence in tech and digital-asset sectors alike.
By midday on the U.S. East Coast, the Nasdaq was higher by 2.3%, while the S&P 500 gained 1.4%, reflecting renewed appetite for growth stocks.
AI-aligned bitcoin miners led the charge. Cipher Mining (CIFR) surged 18%, with CleanSpark (CLSK) and IREN (IREN) each advancing 13%. Hut 8 (HUT) also posted a solid 9% rise.
Other crypto-exposed companies saw steady gains as well, with Coinbase (COIN), Galaxy Digital (GLXY) and Bullish (BLSH) all moving 4%–5% higher.
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