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BLOK's Top Stocks for May Target AI Data Center Growth

BY | ETF Database
12:38 pm ET 06/05/26 | 9 VIEWS
When advisors and investors think about cryptocurrency, “volatility” is typically the first word that comes to mind. However, the digital asset space has also delivered notable bright spots recently, including the expansion into AI infrastructure and a strong performance throughout the month of May. For instance, take a look at the Amplify Blockchain Technology ETF (BLOK A). As of May 31, 2026, the fund’s NAV has risen 14.49% over the past month and 41.69% over the past 12 months.  As one would expect from its name, BLOK invests in companies that are engaged in blockchain innovation or crypto infrastructure, and may also allocate to bitcoin ETPs as well. This approach can help provide diversified exposure to different aspects of the blockchain and crypto market. See more: Is Bitcoin Back? Buy in With Protected Bitcoin ETFsBLOK's May Winners Surged Through AI DiversificationCrucially, many of the fund’s top holdings had extremely strong performances in May. This includes Cipher Digital, which was up around 38% through May following news that it is adjusting some of its core business towards AI infrastructure and data center development. In addition to Cipher Digital, Hut 8 Corp is another top BLOK holding that surged in May, posting a 62% gain over the course of the month. Much like Cipher Digital, Hut 8’s sharp rise came with news about the company expanding its bandwidth to cover data centers for AI infrastructure. In fact, on June 4, Hut 8 announced a pricing of $4.25 billion for investment-grade senior secured notes for its Beacon Point data center project.  See more: The Bitcoin Rebound: How to Invest With Downside Protection These two companies alone showcase two very important aspects of BLOK’s value proposition: the fund’s stock selection process and how its companies are generating momentum. Not only is BLOK picking winners in the blockchain space, but its also targeting companies that are deriving momentum from both cryptocurrency and artificial intelligence (AI).  By leaning into AI, BLOK establishes a more diversified route to long-term growth that can also offset periods of crypto market volatility. This structural advantage is even more with BLOK’s active management, which provides the flexibility needed to capture shifting market momentum. For more news, information, and analysis, visit the Thematic Investing Content Hub. VettaFi LLC (“VettaFi”) is the index provider for BLOK,  for which it receives an index licensing fee. However, BLOK is not issued, sponsored, endorsed, or sold by VettaFi, and VettaFi has no obligation or liability in connection with the issuance, administration, marketing, or trading of BLOK.

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