According to VanEck’s Matthew Sigel, as companies shift to meet the rising electricity demand from artificial intelligence, Bitcoin mining stocks are gaining increasing attention. He noted that miners are diversifying their capacity to serve the AI market, which has caused their stock prices to be lower than those of data center peers. Companies like Core Scientific are selling Bitcoin reserves to fund AI business expansion, while Riot Platforms is using its power reserves to serve data centers. Core Scientific’s stock has risen 90% over the past 12 months, Riot’s stock has increased 91%, but MARA Holdings has fallen 35% due to rising costs. Sigel also highlighted VanEck’s NODE ETF, which has gained over 30% since its launch.
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