

Former Bitcoin miners turned AI data center builders are bouncing hard from a brutal month of selling, but the real question is whether their unfinished campuses and freshly expanded credit lines can back up the bold promises their executives made over the weekend.

A weekend response from TeraWulf‘s (NASDAQ:WULF) chief executive is lifting the former Bitcoin miners now racing to build AI data centers, with TeraWulf shares leading the charge.

The latest trading day saw Cipher Digital Inc. (CIFR) settling at $9.13, representing a +2.82% change from its previous close.

A planned artificial intelligence (AI) campus in Spain from IREN Limited (NASDAQ:IREN) is lifting former Bitcoin miners that now supply power and computing for that expansion. IREN stock is at $27.

NEW YORK, Oct. 20, 2026 (GLOBE NEWSWIRE) -- Cipher Digital Inc. (NASDAQ: CIFR) (“Cipher” or the “Company”) today announced it will provide a business update and release its third quarter 2026 financial results before U.S. markets open on Monday, November 2nd, 2026. Cipher will host a conference call and webcast that day at 8:00 a.m. Eastern Time.

An index decision and a fresh debt sale are pulling two crypto-linked names lower. Strategy (NASDAQ:MSTR | MSTR Price Prediction) stock is down 4% to $145.50 during the morning session after an index rule change from MSCI (NYSE:MSCI).

Cipher Digital shares fell 25.7% this week following an $850 million convertible debt offering. The company is using the capital and a note-for-equity exchange to fund its Barber Lake high-performance computing campus.

Data center developers that borrow heavily to build ahead of their rent checks are under pressure as financing costs draw fresh scrutiny. Cipher Digital (NASDAQ:CIFR) stock is down 9% to $9.02, leading the decline.