Artificial Intelligence Stocks Continue Rising, CoinShares Bitcoin Mining ETFs Set An All-time High
Source: CoinWorld
Time: 2025-09-10 18:33:38
The CoinShares Bitcoin Mining ETF (WGMI) surged 12% on Tuesday to a record $33.13, thanks to a $17.4 billion GPU supply agreement between Nebius Group and Microsoft, which boosted cryptocurrency mining and AI-related stocks. WGMI has risen 44% so far this year, with heavy-weight stocks IREN and Cipher Mining rising 188% and 90% respectively. The ETF manages $175.7 million in assets with a expense ratio of 0.75%. The momentum of artificial intelligence has also boosted Oracle, which raised its cloud computing revenue growth expectations to 77% as demand soared, and its pre-market stock price rose 30%.