AI and HPC Bitcoin Miners Surge Pre Market Following Stellar NVIDIA Earnings

Why It Matters

NVIDIA’s strong performance is boosting demand for AI‑driven mining hardware, lifting related stocks, while NAKA’s sizable loss underscores the volatility of bitcoin‑linked businesses and the financial strain of merger accounting.

Summary

AI- and high‑performance‑computing‑focused bitcoin miners rallied in pre‑market trading after NVIDIA posted a Q3 earnings beat and a robust Q4 outlook, lifting sentiment across the sector. IREN jumped more than 8% to around $50, Cipher Mining surged 11% to over $16, and Hive Digital rose over 6% to $3.28, while broader tech indices such as the QQQ also gained. In contrast, Kindly MD (NAKA) released delayed Q3 results showing just $0.4 million in revenue and an $86 million net loss, driven by merger‑related non‑cash charges and unrealized bitcoin losses, leaving its shares flat at $0.54. NAKA holds roughly 5,398 BTC in treasury and $203 million of convertible notes, trading at 0.916 × mNAV.