On Tuesday, as the entire crypto market slipped more than 2.5%, publicly traded bitcoin miners (36 of them, but not all) strutted in the opposite direction, chalking up a 4% gain during the stock market’s trading session.
Bitcoin Miners Feast While Crypto Market Fumbles — IREN, Cipher, and Cleanspark Rise Above
WRITTEN BY
SHARE
Bitcoin Miners Ignore the Bloodbath
Bitcoin mining stocks turned Wall Street into their own stage during the week’s second trading session. IREN Limited (Nasdaq: IREN) took center spotlight, leaping 6.8% on the day, 31.17% across five sessions, and an eye-popping 528.10% year to date—all while flaunting a $16.72 billion market cap.
Bitmine Immersion Technologies (NYSE American: BMNR), an ETH treasury heavyweight, lost a bit of its shine—sliding 6.16% on the day despite flaunting a massive 658.97% year-to-date climb and a $10.26 billion valuation. Riot Platforms (Nasdaq: RIOT) played it cool, dipping just 0.41% today but still riding an 11.53% five-day lift and a 110.28% gain this year, sitting pretty at $7.94 billion.
MARA Holdings (Nasdaq: MARA) eased 1.55% lower on the day but managed to hang onto a 7.77% five-day bump and a 20.75% year-to-date gain, clocking in with a $7.5 billion market cap. Applied Digital (Nasdaq: APLD) cooled off by 1.47% but stayed in the green overall—up 3.13% across five days and 257.32% this year—valued at $7.13 billion.
Cipher Mining (Nasdaq: CIFR) kept the energy flowing, climbing 2.67% in 24 hours, 14.04% in five days, and 239.43% YTD, with a firm $6.19 billion market cap to its name. Meanwhile, Core Scientific (Nasdaq: CORZ) tripped 4.52% today, the only miner flashing red for the week with a 5.52% dip, though it still boasts a 21.7% climb this year and a $5.22 billion market cap.
Cleanspark (Nasdaq: CLSK) flexed some staying power, tacking on 3.04% today, 18.62% over five days, and 95% YTD to hit a $5.05 billion valuation. Terawulf (Nasdaq: WULF) and Hut 8 (Nasdaq: HUT) wrapped things up with mild daily lifts—1.17% and 0.74%, respectively—clocking in at $4.73 billion and $4.4 billion in market caps. Both are still rocking triple-digit yearly gains, with Terawulf up 113.78% and Hut 8 holding strong at 103.66%.
In short: much like the crypto economy itself in 2025, most publicly listed bitcoin miners are still feasting—though some are dining on filet mignon while others are left nibbling on scraps.
