Bitcoin Miners Iris Energy and Hut 8 Jump Over 13% After AI Deals with Microsoft and Google

Crypto stocks saw a big boost on Monday, with Bitcoin miners Iris Energy and Hut 8 leading the charge. Both companies saw their stock prices surge over 13%, thanks to major artificial intelligence (AI) deals with tech giants Microsoft and Google.

Bitcoin itself had a strong day, climbing above $94,000 — the highest it’s been in a month. The digital currency hit a peak of $94,634 and was last seen trading around $94,103, up over 3% in the past 24 hours, according to CoinGecko.

Ethereum also saw gains, rising more than 3% to trade at $3,241, just below its recent 30-day high. XRP made an even bigger jump, gaining 11% to hit $2.34 — its highest price since November.

Crypto-related stocks followed the upward trend. Coinbase, one of the biggest cryptocurrency exchanges in the U.S., rose nearly 8% to close at just under $255. The company also announced a new giveaway: one lucky user will win 1 Bitcoin and a trip for two to Melbourne for an exclusive Aston Martin Formula 1 experience.

Robinhood, another popular trading platform, climbed almost 7% to finish at $123 per share. The company has been pushing into prediction markets, promoting bets on events like the Oscars and upcoming music festivals.

Both Coinbase (COIN) and Robinhood (HOOD) are major players in the crypto stock space, with market caps of around $69 billion and $111 billion respectively. But Monday’s biggest winners were smaller companies involved in crypto mining — particularly Iris Energy and Hut 8.

Iris Energy (IREN) jumped 13% to $48.24 after securing a massive $9.7 billion AI infrastructure deal with Microsoft. The agreement aims to provide Microsoft with 200 megawatts (MW) of critical IT power by the end of 2026 — a move that pushes Iris deeper into AI data center operations.

Hut 8 (HUT) saw an even bigger spike of 13.6%, closing at $58.25. The company recently signed a $7 billion AI partnership backed by Google. As part of the deal, Hut 8 will acquire a new data center and has options to extend the agreement for up to 15 years — potentially increasing the total value to $17.7 billion.

Other crypto stocks also performed well. Gemini rose 7%, Ethereum-focused BitMine Immersion Technologies gained 7%, and Bitcoin-focused treasury firm Strategy climbed nearly 5%.

Key takeaways:
– Bitcoin broke above $94K, boosting investor confidence
– Iris Energy and Hut 8 gained over 13% after landing big AI deals
– Coinbase and Robinhood also posted strong gains
– Ethereum and XRP prices rose sharply
– Crypto stocks tied to AI and Web3 infrastructure are gaining traction

These moves highlight growing interest in crypto companies that are expanding beyond mining into AI and cloud computing — signaling a new era for blockchain and tech convergence.