Key Takeaways: Bitcoin Mining Stocks Surge
- Bitcoin mining stocks experienced a significant upswing, with all top ten companies showing gains.
- CleanSpark and Bitfarms led the pack, boasting impressive single-day gains of over 12%.
- IREN Limited leads in market capitalization, fueled by a major contract with Microsoft, despite a slight dip in stock value.
- Cipher Mining’s innovative deal with Fluidstack significantly boosted its market performance.
- TeraWulf reported substantial year-over-year earnings growth, driven by high-performance computing leases.
Last week proved to be a successful one for bitcoin mining companies, as they witnessed positive movement in the stock market. Contrary to market expectations, all of the ten largest bitcoin mining companies reported gains.
The surge in bitcoin’s price, exceeding $90,000, immediately benefited these mining enterprises. Bitcoin traded around $86,000 mid-week and peaked above $92,000 on Friday.
Bitcoin has increased by 7.3% over the past week and is currently trading at approximately $90,800.
Bitcoin Mining Stocks Experience 5% Rally
Publicly listed bitcoin miners concluded the week with a cumulative market capitalization of $69.1 billion, marking a 5.04% increase within 24 hours.
CleanSpark (CLK) and Bitfarms (BITF) emerged as frontrunners, gaining 12.26% and 12.25%, respectively, in a single day. Canaan (CAN) and Soluna Holdings (SLNH) also recorded noteworthy gains, with increases of 9.78% and 9.61% on the same day.
💡Insight: These impressive gains indicate renewed investor confidence in the bitcoin mining sector, driven by Bitcoin’s price surge and company-specific strategic initiatives.
IREN Limited (IREN) leads among bitcoin mining companies regarding market capitalization. The company demonstrated strong year-over-year revenue growth, according to its latest fiscal report. IREN secured a $9.7 billion contract with Microsoft to provide power for GPU-based AI cloud computing services at its Texas-based data centers. Currently, IREN’s market cap exceeds $13 billion, but its stock saw a slight decrease of 1.32%, closing at $47.81.
Cipher Mining (CIFR) holds the second position with a market capitalization exceeding $8 billion. CIFR increased by 6.26% in 24 hours and 43.81% over five days, closing at $20.35. Cipher recently signed a 10-year high-performance computing (HPC) agreement with Fluidstack, planning to add 39 megawatts (MW) of critical IT load at its Barber Lake site in Texas by early 2027. This deal with Fluidstack has been a significant catalyst for CIFR’s recent performance.
Applied Digital Ranks Third
Applied Digital Corporation (APLD) is in third place, marked by daily gains of 8.66% and a weekly surge of 28.49%. The company recently completed Phase II of its Polaris Forge 1 AI-data-center campus in Ellendale, North Dakota. Applied Digital’s 100-megawatt (MW) facility is now fully operational. APLD stock closed at $27.10.
âš¡Tip: Keep an eye on companies expanding into HPC and AI, as these ventures are attracting significant investments and driving stock valuations.
TeraWulf Stock Jumps Over 37%
TeraWulf (WULF) holds the fourth position with a market cap exceeding $6 billion. The company released its Q3 2025 earnings, reporting an 87% year-over-year increase in revenue to $50.6 million. TeraWulf generated $7.2 million from high-performance computing (HPC) leases and ended the quarter with a robust $712.8 million in cash, cash equivalents, and restricted cash. WULF increased by 4.51% on Friday, concluding the week with a 37.37% surge.
Riot Platforms (RIOT) has a market cap of $5.9 billion, ranking fifth in market capitalization. RIOT rose by 7.67% in a single day and concluded the week with a gain of 26.90%. At the end of October, Riot announced $180.2 million in Q3 revenue, including $104.5 million in net income. The company mined 437 bitcoins in October and currently holds 19,324 BTC. RIOT closed last week at $16.13.
Core Scientific (CORZ) and Hut 8 (HUT) are ranked sixth and seventh in terms of market capitalization. CORZ increased by 4.38% in 24 hours and 14.66% in five days. HUT showed a positive increase of 6.20% in one day and 31.04% over the week. Core Scientific recently announced its rejection of CoreWeave’s merger offer.
✅ Key Metric: Market capitalization is a good indicator of size/value of a mining operation. Use it to compare different stocks. Note trends in market cap as indicators of future stock performance.
Hut 8 announced plans to develop four new U.S. sites with a delivery capacity of 1,530 megawatts (MW). These sites will be located in Texas, Louisiana, and Illinois, with capacities ranging from 50 MW for smaller sites to 1,000 MW for larger ones.
CORZ concluded the week at $16.89, while HUT finished trading at $45.0.
Public bitcoin miners are continuing to expand, as investors increasingly value their HPC/AI capabilities. The focus is shifting away from hashrate and towards energy utilization.
Frequently Asked Questions about Bitcoin Mining Stocks
What factors are driving the recent surge in bitcoin mining stocks?
Several factors contribute to the positive performance of bitcoin mining stocks, including the rising price of Bitcoin, increased investor interest in HPC/AI applications, and company-specific developments such as strategic partnerships and earnings growth.
How is the shift towards HPC/AI affecting the valuation of bitcoin mining companies?
The shift towards high-performance computing and artificial intelligence is reshaping how investors value bitcoin mining companies. Companies that can effectively leverage their infrastructure for HPC/AI applications are experiencing increased investor interest and higher valuations, as these ventures offer new revenue streams and growth opportunities.
Which bitcoin mining companies are leading the way in terms of market capitalization?
IREN Limited currently leads in market capitalization, followed by Cipher Mining, Applied Digital Corporation, TeraWulf, and Riot Platforms. These companies have demonstrated strong financial performance, strategic initiatives, and growth potential, making them attractive to investors.
What role does energy utilization play in the success of bitcoin mining companies?
Energy utilization is critical for bitcoin mining companies, as it directly impacts their operational costs and profitability. Efficient energy management and access to low-cost power sources are essential for maintaining competitiveness in the industry. Additionally, companies that can leverage renewable energy sources are gaining favor among environmentally conscious investors.
Final Thoughts on Bitcoin Mining Stocks
The recent performance of bitcoin mining stocks signals a renewed interest in the sector, fueled by rising bitcoin prices and diversification into high-performance computing and AI. Companies demonstrating adaptability and innovation in these areas are poised for continued growth.
As the cryptocurrency market evolves, the focus on energy efficiency and strategic partnerships will likely become even more critical for bitcoin miners. Monitoring these trends will be essential for understanding the future trajectory of bitcoin mining stocks.
