Shares of publicly traded bitcoin mining companies have performed strongly over the past week, with several companies seeing their shares rise sharply, with some hitting new 52-week highs on Monday.
Bitfarms (NASDAQ: BITF) led the gains, gaining 17% to $2.61, giving it a market cap of $1.47 billion. HIVE (NASDAQ: HIVE) followed suit, gaining 11.8% to close at $4.26. The two stocks nearly doubled from their lows earlier this year as bitcoin mining stocks regained momentum in the broader cryptocurrency sector.
IREN (NASDAQ: IREN) rose 2.1% to $34.66, the highest market capitalization in the industry at $9.40 billion. Cipher Mining (NASDAQ: CIFR) and Hut 8 (NASDAQ: HUT) also rose about 2% to hit new 52-week highs.
The rally comes against the backdrop of a broader recovery in mining stocks. The combined market capitalization of 15 major mining companies has doubled from a low of $21 billion earlier this year to $47 billion on Friday. Most have outperformed bitcoin itself over the past month, solidifying the sector's position as one of the main beneficiaries of the digital asset infrastructure's return to investor attention.
Bitcoin miners are approaching $50 billion
2025-09-17 04:17:52
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