The rally in Bitcoin miners is broadening into AI data-center operations, with Applied Digital and IREN Limited rising about 6% on Tuesday, August 26, and Core Scientific gaining 4%, while investors also positioned ahead of IREN’s fiscal 2026 earnings report scheduled for August 27 after market close. Applied Digital rose 6% to $28.48, IREN rose 5.73% to $42.09, or $42.04 in an earlier market reference, and Core Scientific reached $17.93; Cipher Mining also participated. IREN’s market capitalization was about $14.97 billion. IREN’s March-quarter revenue fell to $144.8 million, with AI cloud revenue nearly doubling to $33.6 million while Bitcoin mining revenue declined to $111.2 million from $167.4 million. The company raised its 2026 annualized AI cloud revenue target to more than $4 billion after signing $2.8 billion in new multi-year contracts, about 85% of the target already contracted. Applied Digital had fallen 14% in the week through Monday’s close, while IREN’s NVIDIA AI Cloud partnership and Core Scientific’s AMD and CoreWeave commitments support the broader digital-infrastructure trade.