AI stocks continue to rise, CoinShares Bitcoin Mining ETF hits an all-time high

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PANews reported on September 10 that on Tuesday, driven by the $17.4 billion GPU supply agreement reached between Nebius Group and Microsoft, crypto mining and artificial intelligence-related stocks surged across the board. CoinShares Bitcoin mining ETF (WGMI) saw its stock price rise by 12%, reaching a historic high of $33.13. This ETF has increased by 44% year-to-date, surpassing its initial listing level of about $30. Since the beginning of the year, the performance of the fund's top two holdings has been particularly impressive: IREN (IREN) stock price soared by 188%; Cipher Mining (CIFR) stock price rose by 90%. WGMI manages a total of $175.7 million in assets with an expense ratio of 0.75%. The AI boom has also boosted the stock price of Oracle (ORCL), which surged by 30% in pre-market trading on Wednesday.

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