--- title: "Bitcoin-mining fund jumps 11% as AI-hosting stocks rebound" url: "https://etf.net/news/bitcoin-mining-fund-jumps-11-2026-11-03" published_at: "2026-11-03T22:06:12.140Z" updated_at: "2026-11-03T22:06:12.140Z" byline: "ETF.net Research" --- # Bitcoin-mining fund jumps 11% as AI-hosting stocks rebound Riot Platforms led the mining stocks ahead of its report, chip funds bounced, and a tanker-freight fund was the steepest drop among ETFs. By ETF.net Research. Published Nov 3, 2026. Bitcoin-mining stocks jumped on Tuesday, and CoinShares Bitcoin Mining ETF WGMI rose **11%**, to $29.35. Bitcoin was up 1.6%, at $77,909, as of 4:47 p.m. Eastern. The jump was in the stocks, not the coin. Former bitcoin miners that now host artificial-intelligence data centers were bouncing after a rough session Monday, [24/7 Wall St. reported](https://247wallst.com/investing/2026/11/03/cipher-digital-soars-11-as-ai-data-center-stocks-rebound-after-price-target-selloff-iren-jumps-10-terawulf-surges-9/), and the fund's largest holding is one of them. Chip funds bounced. Apple's warning on profit margins, a drop in Shopify and a slide in tanker freight were the costly moves. The S&P 500 rose 0.36%, to 7,568.71. The Nasdaq Composite rose 0.83%. The Dow fell 0.38%. Nvidia, the index's largest stock, rose 2.3%, and Broadcom rose 3.1%. The gain was not broad. Invesco S&P 500 Equal Weight ETF RSP, which gives every company in the S&P 500 the same weight, fell 0.34%. ## Bitcoin miners Cipher Digital, the fund's largest holding, now hosts data centers for artificial intelligence. Hut 8, the fourth holding, is moving into that business, [24/7 Wall St. reported](https://247wallst.com/investing/2026/11/03/hut-8-surges-16-ahead-of-earnings-as-bitcoin-miners-rebound-riot-platforms-surges-14-mara-holdings-jumps-9/). Roundhill Investments' Roundhill Neocloud ETF NCLD rose 9.8%. In its [prospectus](https://www.sec.gov/Archives/edgar/data/1976517/000139834426013536/fp0100272-2_497k.htm), Roundhill uses neocloud for companies that rent out clusters of specialized chips built for artificial intelligence. Nebius and CoreWeave, the mining fund's second- and third-largest holdings, sit in that fund, as do Hut 8 and Cipher Digital. Global X Blockchain ETF BKCH rose 8.5%. Chart: WGMI's **11%** led a six-fund climb Riot Platforms rose 18.41% ahead of its quarterly report, just ahead of Cipher Digital, which rose 18.37%. Hut 8 rose 15.9%, CleanSpark rose 14% and MARA Holdings rose 11.4%. ## Chip funds iShares Semiconductor ETF SOXX rose 2.5%. VanEck Semiconductor ETF SMH rose 2.0%. State Street Technology Select Sector SPDR ETF XLK rose 1.3%. Advanced Micro Devices rose 3.7%, to $483.90, before its results. After the close, [AMD said](https://newsroom.amd.com/news/amd-reports-third-quarter-2026-earnings/) third-quarter revenue was $13.4 billion, above the high end of its own forecast, and data-center revenue was $8.5 billion, up 97% from a year earlier. It expects about $17 billion of revenue this quarter, plus or minus 3%. ## Apple, Shopify and freight Apple fell 1.9%, to $331.90. On Monday night's call, chief financial officer Kevan Parekh told investors to expect a December-quarter gross margin of 45% to 46%, short of the 46.3% average estimate, and said the outlook "includes primarily the impact of higher memory costs, as well as some costs related to the ramp of Siri AI," [CNBC reported](https://www.cnbc.com/2026/11/03/apple-earnings-john-ternus-faces-first-test-amid-high-memory-costs.html). Siri is Apple's voice assistant. Shopify fell **8.7%**, to $142.57. Revenue of $3.74 billion came in just below estimates, the value of goods sold on its platform missed, and subscription profit missed, while adjusted earnings of 49 cents a share beat the 46-cent estimate, [CNBC reported](https://www.cnbc.com/2026/11/03/shopify-q3-2026-earnings-gmv.html). Bloom Energy, which makes fuel cells that generate electricity, rose 9.0%, to $214.01. Barclays raised its rating on the shares, citing stronger demand than it had expected, [CNBC reported](https://www.cnbc.com/2026/11/02/stock-market-today-live-updates.html). Amplify Breakwave Tanker Shipping ETF BWET fell **8.5%**, to $835. It holds futures on the cost of moving crude by tanker, not the oil. Source: etf.net, https://etf.net/news/bitcoin-mining-fund-jumps-11-2026-11-03. Please cite the page URL.