Crypto: Bitcoin miners tied to AI rise as Nvidia posts big earnings beat and strong outlook (2026)

Crypto: Bitcoin miners tied to AI rise as Nvidia posts big earnings beat and strong outlook (2026)

Nvidia (NVDA) posted another blockbuster quarter on Wednesday, as demand for artificial intelligence infrastructure pushed revenue, profit and cash flow to record levels. The chipmaker reported first-quarter revenue of $81.62 billion, up 85% from $44.06 billion a year earlier and above Wall Street estimates of $78.9 billion, according to FactSet data. Adjusted earnings came in at $1.87 per share, beating analyst expectations of $1.76 per share. The company also gave stronger-than-expected guidance for the current quarter, forecasting revenue of roughly $91 billion. Meanwhile, the company also moved to return more cash to shareholders. Nvidia’s board authorized an additional $80 billion in stock buybacks and raised the quarterly dividend to 25 cents per share from 1 cent previously. However, despite the beats, positive outlook and shareholder returns, the stock was down about 1.5% at the time of publication. Investors were likely looking beyond the quarter and into the potential challenges in growth opportunities for Nvidia as competition for AI chips continued to grow. Bitcoin miners with exposure to AI and high-performance computing infrastructure traded modestly higher following Nvidia’s earnings report. Shares of Core Scientific (CORZ) and Cipher Mining (CIFR) each rose slightly in after-hours trading as investors continued to view some miners as potential beneficiaries of growing demand for data centers, power capacity and AI computing infrastructure. IREN (IREN), which rose initially, is down about a percent. “The buildout of AI factories — the largest infrastructure expansion in human history — is accelerating at extraordinary speed,” CEO Jensen Huang said in a statement. “Agentic AI has arrived, doing productive work, generating real value and scaling rapidly across companies and industries,” he added. Specifically for bitcoin miners moving towards the data center business, there was some positive news in the chipmaker's earnings. Nvidia’s Data Center

Source: CoinDesk