Publicly traded crypto mining companies will record strong gains in 2026, even though the overall crypto market remains under pressure.
According to data from Bitcoinminingstock.io, all 10 of the largest listed mining stocks are in positive territory year-to-date (year-to-date), with price gains ranging from about 5% to more than 85%.
Top Bitcoin mining stocks by market capitalization. sauce: Bitcoinminingstock.io
TeraWulf, Inc. leads the group with approximately 85% return, followed by Hut 8 Corp. with approximately 67% and Riot Platforms, Inc. with approximately 46%.
Other major miners have also posted strong gains, with Core Scientific Inc. up about 40% and Applied Digital Corp. up about 37% since the beginning of the year.
At the bottom, Bitdia Technologies Group is up about 5%, making it the worst performing company in the top 10. Outside of that group, American Bitcoin Corporation, a Trump-linked Bitcoin mining and finance company founded by Hut8 and backed by Eric Trump and Donald Trump Jr., is down about 29%.
This move comes even though Bitcoin (BTC) remains down about 20% year-to-date after gaining about 17% over the past 30 days.
sauce: CoinGecko
Top crypto miners go deeper into AI infrastructure
This benefit comes as many large mining companies move deeper into artificial intelligence and high-performance computing (HPC).
On Thursday, Riot Platforms reported first-quarter 2026 revenue of $167.2 million, with its data center business contributing $33.2 million, helping offset a decline in core mining revenue. CEO Jason Les described the quarter as an “inflection point” as the company transitioned into a revenue-generating data center operator.
Core Scientific, Inc. is also expanding its infrastructure, with plans to develop the Texas site into an AI-focused data center campus with up to 1.5 gigawatts of capacity, including approximately 1 gigawatt available for lease. The company said the approximately 300 megawatts currently used to mine Bitcoin at the site will be repurposed to run the data center.
In February, HIVE Digital Technologies reported a 219% year-over-year increase in quarterly revenue as it built its AI and high-performance computing business and a $30 million contract to deploy Nvidia GPUs for its enterprise AI cloud customers. In the same month, MARA Holdings, Inc. acquired a 64% stake in French AI data center company Exaion.
Bernstein’s report last week said IREN Limited, the largest publicly traded miner by market capitalization, may eventually “decommission” its Bitcoin mining operations as it repurposes its site for GPU-based workloads.
