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Nvidia's earnings beat expectations, Bitcoin mining stocks surge after hours

Nvidia's earnings beat expectations, Bitcoin mining stocks surge after hours

ChaincatcherChaincatcher2025/11/20 00:28
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ChainCatcher News, according to The Block, Nvidia announced third-quarter revenue of $57 billion, with fourth-quarter revenue expectations exceeding analysts' forecasts, driving its stock price up by 5% after hours. This strong performance pushed the price of bitcoin back up to around $91,000 and also led to a significant surge in cryptocurrency mining stocks.

Cipher Mining led the gains, rising more than 13% after hours; IREN followed closely with an increase of about 10%; Bitfarms, TeraWulf, and CleanSpark also saw notable gains. It is worth noting that several bitcoin miners are actively transforming into AI infrastructure businesses, such as IREN signing a $9.7 billion AI cloud agreement with Microsoft, and Cipher Mining reaching a $5.5 billion AI hosting agreement with AWS.

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