TechFlow news, November 20 — According to The Block, Nvidia reported third-quarter revenue of $57 billion, with fourth-quarter revenue guidance exceeding analysts' expectations, driving its stock price up 5% in after-hours trading. This strong performance pushed Bitcoin's price back toward $91,000 and boosted cryptocurrency mining stocks significantly.
Cipher Mining led the gains, rising over 13% in after-hours trading; IREN followed with a roughly 10% increase; Bitfarms, TeraWulf, and CleanSpark also posted notable gains. Notably, several Bitcoin miners are actively transitioning into AI infrastructure businesses—for example, IREN signed a $9.7 billion AI cloud agreement with Microsoft, while Cipher Mining reached a $5.5 billion AI hosting deal with AWS.
