Cryptocurrency miner Bitdeer sold all bitcoin it mined in the week ended May 29, keeping its bitcoin holdings at zero for a 14th straight week on a weekend basis. The company has continued a no-holdings finance strategy it began in late February, selling weekly output and maintaining zero holdings on its balance sheet at each week’s end. It is deploying cash into data centres, next-generation ASICs and AI cloud services.

Shares of bitcoin mining companies rose together on expectations of expanding artificial intelligence infrastructure. As Wall Street strength centred on semiconductors continued, miners with power-intensive infrastructure regained attention as beneficiaries of AI and high-performance computing demand. TeraWulf climbed as much as 17 percent on news tied to a Kentucky data centre acquisition site, while Hut 8, IREN and Riot Platforms gained more than 5 percent at the close. Bernstein said 11 listed miners hold about 27 GW of power portfolios.