Bitcoin Miners Lead Crypto Stock Bounce as OpenAI-Broadcom Deal Fuels AI Trade
Bitfarms, Cipher Mining and Bitdeer posted double-digit gains on Monday as miners keep benefitting from artificial intelligence’s surging demand for computing power.
Oct 13, 2025, 7:31 p.m.
Crypto mining stocks tied to the red-hot artificial intelligence (AI) data center trade were the fastest horses on Monday to recover from Friday’s market rout.
Bitfarms (BITF) and Cipher Mining (CIFR) surged 26% and 20% respectively on Monday, while Bitdeer (BTDR), IREN (IREN) and MARA Holdings (MARA) advanced around 10%. The rally reflects optimism that booming AI compute demand will help miners.
Perhaps boosting sentiment was ChatGPT creator OpenAI striking a deal with chipmaker Broadcom (AVGO) to build up custom chips for AI and machine learning. Also on Monday, Bloom Energy (BE) announced a $5 billion deal with Brookfield Asset Management to deploy fuel cells in data centers to satisfy AI’s voracious energy demand.
The gains occurred after Friday’s steep downturn as trade tensions between the U.S. and China ratcheted up, with Trump imposing a 100% increase in tariffs on Chinese goods to retaliate against tightening rare earth metals export controls. Investor concerns eased somewhat over the weekend, and the Nasdaq and S&P 500 indexes were up 2.1% and 1.4% on Monday.
Other crypto related names enjoyed modest gains. Strategy (MSTR), the world’s largest bitcoin treasury firm, climbed 2.8%, while crypto exchange Coinbase was roughly flat. Digital brokerage Robinhood, which earns a large portion of its revenue from crypto trading, was up 1%.
Ethereum ETH$4,123.88 treasury firm BitMine (BMNR), meanwhile, bounced almost 7% as the firm said to capitalize on the crypto plunge of the past few days, purchasing over 200,000 tokens worth over $840 million at current prices.
Read more: Tom Lee’s BitMine Bought the Dip, Adding Over 200K ETH to Ethereum Treasury
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Crypto Trading Volumes Fall 17.5% in September Despite Record Open Interest
Combined spot and derivatives volumes fell 17.5% in September, continuing a four-year seasonal trend
What to know:
- Trading activity falls 17.5% in September slowdown: Combined spot and derivatives volumes dropped to $8.12 trillion, marking the first decline after three months of growth. September has now seen reduced trading volume for the fourth consecutive year.
- Open interest reaches record high despite derivatives market share decline: Total open interest surged 3.2% to $204 billion and peaked at an all-time high of $230 billion during the month.
- Altcoins on CME outperform as Bitcoin and Ether futures decline: While CME’s total derivatives volume stayed flat at $287 billion (-0.08%), SOL futures jumped 57.1% to $13.5 billion and XRP futures rose 7.19% to $7.84 billion. BTC and ETH futures fell 4.05% and 17.9% respectively.
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Bitcoin’s Leverage Flush Favors Accumulation, K33 Says
Crypto prices were down sizably on Tuesday but bounced off of their worst levels.
What to know:
- Bitcoin and cryptos finished sizably lower but off their worst levels as Federal Reserve Chair Jerome Powell’s slightly dovish comments provided relief for risk assets.
- Bitfarms (BITF), Cleanspark (CLSK), Iren (IREN), Marathon Digital (MARA) and TeraWulf (WULF) surged over 10% as investors continue to bid up BTC miners as AI infrastructure plays.
- Friday’s leverage drawdown creates a “constructive setup,” K33 research head Vetle Lunde said.
