What Oracle’s Strong Earnings Mean For Crypto Mining Stocks in Q4
Oracle’s AI cloud boom fuels demand for data centers, sending crypto mining stocks like IREN and CIFR soaring with fresh Q4 momentum.
Crypto mining stocks are seeing major bullish forecasts as AI cloud infrastructure giant Oracle crushed its earnings to start fiscal 2026. Overall revenue increased by 12% year-over-year, while cloud revenue jumped by 28% year-over-year. But that wasn’t the real story.
MultiCloud database revenue from the tech giants grew by 1,529% year-over-year in the first quarter. Oracle CEO Larry Eliason anticipates this number growing “substantially every quarter for several years.”
Why This Is Big For Crypto Mining Stocks
Oracle also signed a 5-year computing deal with OpenAI that will produce $300 billion in revenue, starting in 2027. Oracle shares rose by 36% after the good news, but these developments are also tremendous news for crypto miners.
As Oracle heads toward a $1 trillion market cap, investors can find better gains in smaller companies that will benefit from the ongoing demand.
BREAKING: Oracle stock, $ORCL, surges over +23% after reporting earnings with a +359% increase in contracted revenue.As we continue to reiterate, we are still so early in the AI Revolution.
— The Kobeissi Letter (@KobeissiLetter) September 9, 2025
Many investors accumulated shares of crypto mining companies with the necessary infrastructure to support the next phase of AI.
For instance, on the day Oracle delivered its blowout earnings, crypto mining stocks IREN and CIFR shares both soared by more than 10%.
IREN has almost doubled over the past month, while CIFR has more than doubled during the same stretch.

Crypto miners have performed well amid rising demand for AI because they have Nvidia’s chips, land, and the necessary gigawatts to power the AI boom.
Oracle recently told investors it will have to develop 4.5 gigawatts of data center capacity for OpenAI, and that’s just one of the big tech clients.
Recent Deals Show What’s Possible
The rising demand for gigawatts and data centers has given crypto mining companies significant pricing power when negotiating their deals.
Not only do they have these tailwinds, but their customers are big tech, which means vast budgets.
This isn’t hypothetical. A few big deals have already changed how investors view crypto mining stocks. TeraWulf reached a $3.2 billion deal with Alphabet last month.
Hive Digital Technologies made a deal with Bell Canada, Canada’s largest tech provider, to create one of Canada’s most advanced sovereign AI ecosystems.

However, the biggest deal came earlier this month. Nebius and Microsoft agreed to a $17.4 billion contract through 2031.
Also, Microsoft is allowed to increase its computing capacity under the agreement, which can bring the contract value up to $19.4 billion. Nebius committed 200 megawatts to the deal.
Predicting What’s Possible
If 200 million megawatts from Nebius’ data center in Vineland, New Jersey, is enough to secure a $17.4 billion contract through 2031, imagine how much Oracle will have to pay to secure 4.5 gigawatts for OpenAI.
Those 4.5 gigawatts Oracle is talking about come to 4,500 megawatts. That’s 24.5 Nebius deals, or $426.3 billion through 2031 if Oracle has to pay the same rate as Microsoft did.
Oracle isn’t the only tech giant competing for data centers and energy. As more deals are made, fewer properties with Nvidia chips and sufficient electricity will be available.
It can take 3-6 years to develop an AI data center from scratch, which is too long for big tech’s insatiable demand for AI infrastructure.
This is good news for crypto mining stocks. But one thing investors should remember is that most of these companies are relatively small.
Whilst crypto is frustrating people, mining stocks look like this!
— Ahmed Sha’ban (@AhmedShaaban3m) September 16, 2025
While Oracle is heading toward a $1 trillion market cap, IREN’s market cap is still below $10 billion, and CIFR doesn’t have a $4 billion market cap yet. HIVE is even smaller.
It takes a lot of capital and enthusiasm to propel large-cap stocks like Oracle. That’s what makes the company’s 36% post-earnings gain even more impressive.
However, it won’t take nearly as much capital to spark meaningful rallies among small crypto miners, especially when they start securing more deals.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Stablecoin Inflows to CEXs Soar to $127B Daily
Daily USDT and USDC inflows to CEXs reach $127B, with the 365-day average rising from $69B to $105B.Why This Matters for Crypto TradersWhat This Could Mean for the Market Ahead

Whale Selling Pressure Shows Signs of Easing
Whale selling pressure has eased in early October after nearly a month of consistent selling activity.Early October Data Shows Reduced Selling ActivityWhat This Could Mean for the Market

Crypto Market Cools Despite ETF Inflows Surge
The crypto market cools after a $410B surge; BTC nears $125K ATH as ETF inflows hit $5B.ETF Inflows Boost Market ConfidenceWhat Comes Next for Crypto?

Record $5.95B Inflows Into Digital Asset Funds
Digital asset funds saw a record $5.95B inflows last week, sparking optimism for continued momentum.What’s Driving This Surge?Will the Momentum Continue?

Trending news
MoreCrypto prices
More








