Bitcoin Miners Surge 56% YTD as BTC Slips to $73,367 on AI Deals

Bitcoin miner equities extended their outperformance through May 28 as a 10x Research basket rose 56% YTD while BTCUSD fell to $73,367, down 17% for the year. The move follows May 27 reports showing WGMI up more than 50% YTD and BKCH up 38% even as spot bitcoin traded near $75,800. Fresh catalysts include IREN’s $1.6 billion Dell GPU deal and Hut 8’s $9.8 billion Texas AI campus lease, signaling capital rotation from passive bitcoin vehicles into high-beta miners monetizing AI infrastructure.