Bitcoin mining stocks climb in 2026 as BTC lags behind

Bitcoin mining stocks surge up to 85% in 2026 despite Bitcoin down 20% year-to-date. TeraWulf, Hut 8, and Riot Platforms lead gains as major miners pivot toward AI infrastructure and data center operations. The divergence reflects shifting revenue models, with companies like Riot generating $33 million quarterly from non-mining sources, signaling industry transformation beyond cryptocurrency extraction.
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