Barclays Lists Top Neocloud & Bitcoin Miner Stocks Amid Hyperscaler Spending Boom

Barclays highlighted a group of neocloud and Bitcoin-mining-related stocks that could benefit from rising hyperscaler capital spending on AI and digital infrastructure. The note emphasizes companies with large power capacity, data center footprints, GPU deployment, or strategic cloud contracts, suggesting the market is increasingly rewarding asset-light pivots from Bitcoin mining toward high-performance computing and AI hosting. Key names cited include Nebius, CoreWeave, IREN, Galaxy, Applied Digital, Terawulf, Riot Platforms, Cipher Digital, Core Scientific, Hut 8, CleanSpark, Soluna, Bit Digital, and Hive Digital. Several of these companies have recently secured major contracts, power agreements, or analyst price-target increases, reinforcing the bullish infrastructure theme. Market impact is concentrated in AI infrastructure and miner-transition stocks, where investors are likely to focus on revenue visibility, power access, and hyperscaler demand rather than legacy mining economics.