US Stock Market Move | The concept of cryptocurrency mining is gaining momentum. Applied Digital (APLD.US) surged 12% after its performance announcement.

On Thursday, the concept of cryptocurrency mining companies rose, with Applied Digital (APLD.US) leading the way with a 12% increase after its results. IREN Ltd (IREN.US) and Bitfarms (BITF.US) rose over 4%, while MARA Holdings (MARA.US) and TeraWulf (WULF.US) rose over 3%. In terms of news, Applied Digital reported revenue of $1.266 billion for the second quarter of the 2026 fiscal year, a year-on-year increase of 250%. Basic and diluted net loss per share for common stockholders was $0.11, a decrease of 82% year-on-year; adjusted net profit was $100,000.