Mining

Gold mining stocks rally as Freeport-McMoRan, Newmont, Barrick, and Agnico Eagle lead precious metals surge amid record gold prices approaching $4,700/oz. Central bank demand from China, India, and Turkey provides structural floor under prices while mining equities lag physical gold appreciation, creating potential catch-up opportunity.

Former crypto-mining companies including TeraWulf, Applied Digital, IREN, Core Scientific pivot to AI data centers leveraging legacy power contracts; attracting hyperscale tenants; Bitfarms pivoting to 2.2GW AI/HPC pipeline; Riot Platforms sold 3,778 BTC ($289.5M) in Q1 2026 to fund AI infrastructure shift.