Bitcoin Miners Bet Big on AI Infrastructure and Win. TeraWulf, IREN, Hut 8 Surge

What happened

TeraWulf (WULF), IREN, and Hut 8 (HUT) all rallied yesterday, July 8, but Bitcoin's price had nothing to do with it. Each saw their stock prices continue to rally on separate AI infrastructure news. All three companies were in the top 16 best performing stocks for Wednesday, July 8 as investors reward their shift no matter what Bitcoin does on the day. TeraWulf's Anthropic Deal Set the Tone TeraWulf stock rose more than 12

Confirmed

Global impact / market context

Investors are rewarding Bitcoin miners that diversify into AI infrastructure, showing that earnings potential can come from non‑Bitcoin sources. This may lift miner valuations even when Bitcoin prices are flat.

Confirmed

On July 8, three miner stocks (TeraWulf, IREN, Hut 8) were among the day’s top performers despite Bitcoin’s unchanged price, highlighting a shift in investor focus toward AI‑related revenue streams.

Confirmed

What to watch

1. TeraWulf’s partnership with Anthropic – watch for contract details and expected AI‑related revenue, which could boost cash flow and justify higher stock multiples. Proposed
2. IREN’s AI infrastructure announcements – monitor any disclosed capital spending plans, as new data‑center assets may increase operating costs but also expand service offerings. Proposed
3. Hut 8’s AI‑related projects – track progress on any pilot deployments, because successful implementation could diversify earnings away from Bitcoin mining volatility. Proposed

Affected assets

• BTC — Bitcoin

Evidence

• beincrypto.com