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Bitcoin did not do well in the past month and continued to fall after falling below $100,000. Cryptocurrency mining stocks also felt the pain because their earnings are so closely linked to Bitcoin, but some of those states could improve due to their involvement in artificial intelligence and other initiatives.
These three cryptocurrency mining companies could improve despite Bitcoin’s correction. The future recovery of Bitcoin is also a good motivator for these choices.
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NBIS
Nebius is one of several cryptocurrency mining companies that have turned to… Artificial intelligence data centers. The company faces the energy and IT hurdles that tech giants face, but the company is investing heavily in two brands that use artificial intelligence to reach a larger number of customers.
Self-driving vehicle developer Avride and digital education company TripleTen are long-term investments that add more value to NBIS stock.
However, Nebius is not expecting his large stakes in these companies to gain value.
Nebius recently assured 5 year deal With the Meta platform, it is worth about $3 billion. This partnership has arrived deal Billions of dollars with Microsoft.
Those partnerships aren’t fully reflected in the actual revenue numbers, but that didn’t stop Nebius from achieving 355% year-over-year revenue growth in the third quarter.
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The words “bitcoin” or “cryptocurrencies” were never mentioned in Nebius’ third quarter press release or in its letter to shareholders. The AI ​​company seems to have made a complete shift away from Bitcoin as it now focuses on AI infrastructure.
Recently, he brought it back Goldman Sachs Affirming his buy rating on the stock, he raised his price target from $137 to $155 per share. “The imbalance in AI supply and demand supports continued strength in its core operations,” the company said in its research.
IREN
NEPSE has diversified into other investments and also offers a range of programs to its clients, however Erin is just focused To provide cloud services for artificial intelligence.
Irene solves an AI energy bottleneck like NEPCE, but its 3.2 gigawatt pipeline and ability to produce AI-facing data centers at scale gives it an edge.
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Irene also made a big deal Microsoft At a value of $9.7 billion over five years. The deal gives Microsoft access to 200 megawatts. Once Irene leverages its full pipeline, it can support 16 deals like Microsoft.
Erin is still mining Bitcoin, which represents 97% of Q1 FY26 revenue. No revenue moves Cloud services for artificial intelligence Little on an annual basis, but the agreement with Microsoft could lead to significant growth in this sector.
Erin currently leans heavily on Bitcoin, but is making the switch to AI data centers.
Roth MKM analyst Darren Aftahi reiterated his buy recommendation for the stock in November and set a target price of $94. This target indicates that Erin will more than double from its current levels.
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WOLF
Terawolf keeps a closer eye on Eren than Nibs. It is another crypto mining company that relies on crypto, but has signed large technology deals that prepare the ground for the shift to artificial intelligence. The crypto mining company aims to increase its contract capacity by 250-500 MW per year.
For context, Terawolf has allocated 168 MW to Floodstack for a value of $9.5 billion over 25 years. agreement rent
Google supports Fluidstack, which could open doors to additional offerings. The rent is $380 million a year, or $2.26 million a year per megawatt.
Using this exchange rate, Terawulf’s plan to increase capacity from 250 to 500 MW per year could translate into additional recurring revenue of $565 million to $1.13 billion per year. Bitcoin prices drive Q3 results Reportbut its long-term data center AI ambitions have piqued investor interest.
“Based on our optimism about TeraWulf’s ability to secure sites and execute HPC expansions, we maintain a buy rating and price target of $17,” Compass Point said in a research note.
