Hive och Bitfarms leder rallyt bland bitcoin-gruvbolag som nu satsar på AI, med en uppgång på 11 procent, samtidigt som BTC når sin högsta nivå på två månader

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Shares of Hive Digital (HIVE) and Bitfarms (BITF) jumped more than 10% on Tuesday morning, leading a rally across bitcoin miners pivoting to AI and HPC data center infrastructure.

At the same time, Bitcoin climbed above $76,100 to a two-month high, while U.S. equities recovered most of their losses tied to the conflict in Iran.

The move builds on a trend across the mining sector, where companies are repositioning and repurposing their power-heavy infrastructure to serve artificial intelligence workloads as demand for compute power and electricity surges.

"They’ve been aggressively diversifying their bitcoin capacity to serve the AI market, and they still trade at a huge discount to other data center peers on a market cap-to-megawatt basis," VanEck’s Matthew Sigel said in a CNBC interview last month.

"These miners were early to identify they were sitting on a gold mine in terms of the cost of capital they can earn by pivoting," he added.

AI infrastructure shuffle

HIVE has been steadily building out its AI and data center capacity, launching a GPU cluster in Paraguay through its BUZZ high-performance computing unit last month.

HIVE is leveraging its existing hydro-powered infrastructure in Paraguay, where it operates roughly 300 megawatts of capacity, as a base for potential AI expansion through 2027.

The company has also begun phasing down parts of its legacy bitcoin mining business, including scaling back ASIC machine operations in Sweden and redirecting capital toward GPU-powered data center capacity in Canada.

Shares of HIVE are trading at $2.42 according to The Block price data, a gain of nearly 12% on the day.

Meanwhile, Bitfarms is taking a wholesale approach to its transition.

The company, which recently rebranded to Keel Infrastructure (NASDAQ: KEEL), is adopting a landlord-style model by leasing power-secured data center capacity to hyperscalers and large compute customers.

Management has outlined a 2.2 gigawatt development pipeline across the U.S. and Canada, with initial AI-related revenue expected as early as 2027.

Shares of Keel Infrastructure are trading at $2.35 for a more than 10% gain on the day, its highest price since January.

Other peers, including those still pursuing bitcoin mining, also moved higher to a lesser degree. Shares of Canaan, Bitdeer, and IREN rose between roughly 7% and 10% on the day.

Tuesday's move also coincided with a massive rebound in traditional markets, with the S&P 500 regaining nearly all its losses since the U.S.-Iran conflict. It is currently just fractions of a percent off its all-time high set in January.

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