Listed cryptocurrency mining companies are reporting forceful gains in 2026, even as the broader cryptocurrency market remains under pressure.
According to data from all ten largest mining companies listed on the stock exchange, year-to-date (YTD) increases have been recorded from approximately 5% to over 85%. data from Bitcoinminingstock.io.
Largest Bitcoin mining companies by market capitalization. Source: Bitcoinminingstock.io
TeraWulf, Inc. leads the group with growth of approximately 85%, followed by Hut 8 Corp. with approximately 67% and Riot Platforms, Inc. with approximately 46%.
Other major miners also posted forceful gains, including Core Scientific, Inc. – up approximately 40% and Applied Digital Corporation – up approximately 37% year-to-date.
On the lower end, the Bitdeer Technologies group gained about 5%, making it the weakest performer in the top 10. Outside this group is American Bitcoin Corp., a Trump-linked Bitcoin mining company and treasure trove business created by Hut 8 and backed by Eric Trump and Donald Trump Jr., fell about 29%.
This move comes even as Bitcoin (BTC) is down around 20% year-to-date, even after rising around 17% over the past 30 days.
Source: CoinGecko
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The benefits come as many of the largest mining companies delve into artificial intelligence and high-performance computing (HPC).
On Thursday, Riot Platforms reported revenue of $167.2 million for the first quarter of 2026, with its data center business contributing $33.2 million, which helped offset a decline in core mining revenue. CEO Jason Les described the quarter as a “turning point” as the company transformed into a revenue-generating data center operator.
Core Scientific, Inc. is also scaling its infrastructure, with plans to convert its Texas location into an AI-focused data center campus with up to 1.5 gigawatts of capacity, including approximately 1 gigawatt available for leasing. The company said that about 300 megawatts currently used for Bitcoin mining at the site will be repurposed for data center needs.
In February, HIVE Digital Technologies reported a 219% year-over-year boost in quarterly revenue on the back of growth in its artificial intelligence and high-performance computing business, as well as a $30 million contract to deploy Nvidia GPUs for enterprise cloud AI customers. In the same month, MARA Holdings, Inc. acquired 64% of shares in the French company Exaion dealing with AI data centers.
Last week’s report from Bernstein said that IREN Limited, the largest publicly traded mining company by market capitalization, may ultimately “lock down” its Bitcoin mining operations by repurposing sites for GPU-based workloads.
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