Nvidia's earnings beat expectations, Bitcoin mining stocks surge after hours
ChainCatcher News, according to The Block, Nvidia announced third-quarter revenue of $57 billion, with fourth-quarter revenue expectations exceeding analysts' forecasts, driving its stock price up by 5% after hours. This strong performance pushed the price of bitcoin back up to around $91,000 and also led to a significant surge in cryptocurrency mining stocks.
Cipher Mining led the gains, rising more than 13% after hours; IREN followed closely with an increase of about 10%; Bitfarms, TeraWulf, and CleanSpark also saw notable gains. It is worth noting that several bitcoin miners are actively transforming into AI infrastructure businesses, such as IREN signing a $9.7 billion AI cloud agreement with Microsoft, and Cipher Mining reaching a $5.5 billion AI hosting agreement with AWS.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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