Crypto mining stocks got a big boost on Monday after a rough end to last week. Shares of companies involved in both cryptocurrency mining and AI-powered data centers surged as investor interest returned. Bitfarms (BITF) jumped 26%, and Cipher Mining (CIFR) climbed 20%. Other names like Bitdeer (BTDR), IREN (IREN), and MARA Holdings (MARA) also saw gains around 10%.

This comeback reflects a growing belief among investors that the rise of artificial intelligence could bring more profits for crypto miners. AI needs a lot of computing power, and many crypto mining companies already have the infrastructure to support it. As the demand for AI grows, these companies may be in a strong position to benefit.

Positive news in the tech world helped boost market confidence. OpenAI, the company behind ChatGPT, announced it is teaming up with Broadcom (AVGO) to build custom AI chips. This partnership is expected to strengthen the supply of advanced hardware for AI systems. At the same time, Bloom Energy (BE) revealed a major $5 billion deal with Brookfield Asset Management to install fuel cells in data centers. These cells are designed to handle the huge energy needs that come with running powerful AI tools.

The rally in crypto and AI stocks comes after markets dropped last week due to rising trade tensions between the U.S. and China. Former President Trump proposed a 100% tariff on Chinese imports in response to China limiting rare earth exports. That news shook global markets, but over the weekend, fears eased and stocks started to bounce back. The Nasdaq rose 2.1%, and the S&P 500 gained 1.4%.

Other crypto-related companies also performed well. MicroStrategy (MSTR), which holds the largest stash of Bitcoin among public companies, rose 2.8%. Coinbase stayed flat, while Robinhood added 1%. BitMine (BMNR) jumped nearly 7% after buying over 200,000 Ethereum (ETH) tokens, worth around $840 million, taking advantage of a recent dip in crypto prices.

Overall, this surge in crypto mining and AI-related stocks shows how these two fast-growing industries are starting to overlap. With AI needing more computing power and energy than ever before, companies in the crypto space could become key players in powering the future of digital technology.