Bitcoin hasn’t fared effectively over the previous month and continued to drop after falling under $100,000. Crypto mining shares additionally felt the ache since their earnings are closely tied to Bitcoin, however a few of those self same shares can nonetheless rally attributable to their involvement in synthetic intelligence and different initiatives.
These three crypto mining shares can nonetheless rally regardless of Bitcoin’s correction. Bitcoin’s future rebound can be a very good catalyst for these picks.
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Nebius (NBIS)
Nebius is one in every of a number of crypto miners which have pivoted into AI information facilities. The corporate addresses the power and computing bottlenecks that face tech giants, however the firm is closely invested in two manufacturers that may harness AI to achieve extra prospects.
Nebius Inventory Worth Yr to Date. Supply: Google Finance
Autonomous automobile developer Avride and edtech firm TripleTen are two long-term investments that add extra worth to NBIS inventory.
Nonetheless, Nebius isn’t sitting and ready round for its massive stakes in these corporations to realize worth.
Nebius has lately secured a 5-year take care of Meta Platforms, valued at roughly $3 billion. That partnership got here on the heels of a multi-billion-dollar take care of Microsoft.
These partnerships aren’t totally mirrored in present income numbers, however that didn’t cease Nebius from delivering 355% year-over-year income progress in Q3.
🔟 Shares to HODL for the subsequent 🔟 years!
1/ Nebius$NBIS is constructing next-generation cloud and AI platforms.
One of the vital bold rising gamers within the AI infrastructure house
There’s a SURGE in tasks requiring AI mannequin coaching, autonomous techniques, biotech, information… pic.twitter.com/dGL2BLamI2
— Ray Myers (@TheRayMyers) September 19, 2025
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The phrases “Bitcoin” and “crypto” didn’t seem as soon as in Nebius’ Q3 press launch or letter to shareholders. The AI agency appears to have made a whole pivot away from Bitcoin because it shifts its focus towards AI infrastructure.
Goldman Sachs lately reiterated its Purchase score for the inventory whereas elevating its worth goal from $137 to $155 per share. “AI demand-supply imbalance underpins continued strength in its core operations,” the agency stated in its analysis.
For anybody doubting it, this is the three-page Goldman Sachs report on $NBIS.
The improve was pushed by larger gross sales estimates and an unchanged 7x CY27E EV/Gross sales a number of.
Lowered 2026 Income estimates from $6.6B to $3.8B.
Raised 2027 Income estimates from $5.8B to $7.7B. https://t.co/9ZizWHW6hO pic.twitter.com/aaB0MDQBTo
— M. V. Cunha (@mvcinvesting) November 14, 2025
IREN (IREN)
Whereas Nebius is diversified into different investments and likewise affords a software program stack for its prospects, IREN is solely targeted on offering AI cloud companies.
It solves the AI power bottleneck like Nebius, however its 3.2 gigawatt pipeline and talent to supply AI information facilities at scale give it a bonus.
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IREN additionally secured a serious take care of Microsoft price $9.7 billion over 5 years. The deal offers Microsoft entry to 200 megawatts. As soon as IREN faucets into its full pipeline, it may assist 16 offers just like the Microsoft contract.
IREN nonetheless mines Bitcoin, and it represented 97% of Q1 FY26 income. AI cloud companies income didn’t transfer by a lot year-over-year, however the Microsoft deal can gasoline substantial progress in that section.
Proper now, IREN nonetheless closely is dependent upon Bitcoin however is making the pivot into AI information facilities.
Roth MKM analyst Darren Aftahi reiterated a Purchase score for the inventory in November and set a worth goal of $94. That worth goal suggests IREN will greater than double from present ranges.
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Terawulf (WULF)
Terawulf is nearer to IREN than it’s to Nebius. It’s one other crypto miner that is dependent upon crypto however has signed massive tech offers that set the stage for an AI pivot. The crypto miner intends to extend its contracted capability by 250-500 megawatts per 12 months.
For context, Terawulf allotted 168 megawatts to Fluidstack for $9.5 billion over a 25-year lease settlement.
Fluidstack is backed by Google, which might open the door to extra offers. The lease involves $380 million per 12 months, or $2.26 million per 12 months for every megawatt.
Utilizing that conversion fee, Terawulf’s plan to extend capability by 250-500 megawatts per 12 months can translate into a further $565 million to $1.13 billion in annual recurring income. Bitcoin costs drove Q3 outcomes, however long-term AI information heart ambitions have captivated traders.
“Based on our bullishness for TeraWulf to secure sites and execute on HPC buildouts, we maintain our Buy rating and $17 price target,” Compass Level stated in a analysis notice.
