Major listed bitcoin mining stocks have risen across the board so far in 2026.

Bitcoin is down about 20 percent from the start of the year. Cointelegraph reported on May 2 that the top 10 mining stocks by market value all posted positive returns since the start of the year.

Gains ranged from about 5 percent to more than 85 percent, according to BitcoinMiningStock.io. Terawulf rose about 85 percent, the biggest gain, followed by Hut 8 at about 67 percent and Riot Platforms at about 46 percent. Core Scientific gained about 40 percent and Applied Digital rose about 37 percent. Bitdeer Technologies Group was up about 5 percent, the lowest return among the top 10.

Outside the top 10, American Bitcoin fell about 29 percent. The company is a bitcoin mining and treasury firm co-founded with Hut 8 and backed by Eric Trump (에릭 트럼프) and Donald Trump Jr. (도널드 트럼프 주니어). Bitcoin has rebounded about 17 percent over the past 30 days but remains weak for the year to date.

The strength in mining stocks has coincided with big miners expanding AI and high-performance computing businesses. Riot Platforms posted first-quarter 2026 revenue of $167.2 million, including $33.2 million from its data-centre business. Data-centre revenue partly offset a decline in revenue from its core mining business.

Core Scientific plans to develop a Texas site into an AI-focused data-centre campus of up to 1.5 gigawatts. About 1 gigawatt of that could be leased out. It plans to convert about 300 megawatts currently used for bitcoin mining at the site to data-centre operations.

Hive Digital Technologies said in February that quarterly revenue rose 219 percent from a year earlier, helped by the expansion of its AI and high-performance computing business. It also disclosed a $30 million agreement to deploy Nvidia GPUs for enterprise AI cloud customers. In the same month, Mara Holdings acquired a 64 percent stake in French AI data-centre company Exaion.

Bernstein said in a report last week that Iren could eventually halt its bitcoin mining business as it converts its site for GPU-based work.