Shares related to bitcoin mining and AI infrastructure soared on July 30, 2026, sending some stocks up by nearly 30 percent. Keel Infrastructure topped the rally with a 29.13% leap to $4.10 per share by early afternoon. Other companies like Nebius Group N.V. and Cipher Digital also climbed sharply, reflecting a broader surge in the sector.
Forced Sales Spark Sharp Bounce
The sudden upward move traced back to a hedge fund's forced liquidation. This fund, started by a former OpenAI researcher, held sizable stakes in several leading miners and AI compute providers. Citadel stepped in to pick up most of these liquidated positions, effectively removing a major potential source of selling pressure. This buyout sparked buying momentum across the market.
Bitcoin miners such as Riot Platforms saw gains exceeding 23%, while others including Hut 8 and Coreweave rose 20% or more. The notable performance came as Hut 8 signed a $9.8 billion lease in Texas, signaling strong miner interest in AI data center contracts. The overlap between cryptocurrency mining and high-performance computing appears increasingly clear, with companies maintaining exposure to both fields.
The gains extended beyond mining to semiconductor-related firms and AI infrastructure players, with Sandisk Corp hitting a 24.05% climb, pushing its stock price beyond $1,260. This movement illustrates renewed investor appetite at the intersection of blockchain and artificial intelligence technologies.
This material is informational and not financial advice.
