The market capitalization of leading Bitcoin mining companies has surged significantly thanks to the AI trend.

2025-10-02 03:52:29

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According to a new report by JPMorgan, the market capitalization of the 14 largest listed Bitcoin mining companies has exceeded 50 billion USD in September – an unprecedented record high.

This rally comes from companies shifting towards high-performance computing (HPC) for artificial intelligence, helping to increase profits outside of traditional Bitcoin mining. JPMorgan stated that the total market capitalization of this group has grown faster than the price of Bitcoin for six consecutive months.

Stocks of “giants” like Marathon Digital (MARA), Riot Platforms, and CleanSpark have all risen sharply over the past month, increasing by approximately 16%, 8%, and over 51% respectively. HIVE Digital's stock also increased by up to 41% in the month.

The push from AI has also attracted major names like Google – the company has just signed an agreement to acquire 5.4% of the shares of Bitcoin mining company Cipher in a deal related to AI computing infrastructure.

BTC1,46%

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