Bitcoin Miners Rally Sharply as OpenAI-Broadcom Partnership Spurs AI-Driven Demand
Shares of Bitcoin mining companies rallied strongly on Monday, recovering from last week’s sharp sell-off amid renewed optimism tied to growing artificial intelligence (AI) infrastructure needs. Leading the charge were Bitfarms (BITF) and Cipher Mining (CIFR), which surged 26% and 20%, respectively. Meanwhile, Bitdeer (BTDR), IREN (IREN), and MARA Holdings (MARA) posted gains around 10%, reflecting heightened investor confidence in the AI sector’s potential to boost demand for crypto mining resources. Investor sentiment gained further support after OpenAI, the developer behind ChatGPT, announced a collaboration with semiconductor giant Broadcom (AVGO) to develop custom chips tailored for AI and machine learning












