Bitcoin mining stocks delivered a powerful close to the week, with the combined market capitalization of the top publicly traded miners rising 9.43 percent on Friday. All ten of the largest miners by valuation ended the session in positive territory, and three of them posted double‑digit daily gains. With only one week remaining in the 2025 trading calendar, nearly every major miner appears positioned to end the year with a net gain, aside from two underperformers that continue to lag behind the broader group.
Major Miners Extend Yearly Momentum
U.S.‑listed miners kept pace with broader equity markets, showcasing strong investor appetite heading into year‑end. IREN Limited, the largest miner by market value at 11.31 billion dollars, closed Friday at 39.92 dollars after an 11.50 percent jump. Although the stock slipped slightly over the past five sessions, its year‑to‑date performance remains striking at more than 306 percent. Applied Digital followed with an impressive 16.52 percent daily rise, ending at 27.85 dollars. Despite minimal movement over the week, the company remains up more than 264 percent for the year. Cipher Mining also advanced, closing at 16.21 dollars with a 6.99 percent gain, though it remains slightly lower over the past five days. Even so, its year‑to‑date climb of more than 249 percent underscores strong long‑term momentum.
Mixed Short‑Term Trading but Strong Annual Results
Riot Platforms ended Friday at 14.50 dollars, rising 8.37 percent, though the stock remains down over the past week. Its year‑to‑date gain of 42 percent still reflects steady progress. Terawulf closed at 12.52 dollars after a 6.19 percent rise, even as short‑term trading pressure pushed it lower for the week. The miner remains up more than 121 percent for the year. Core Scientific added 7.14 percent to finish at 15.60 dollars, while Hut 8 surged 14.33 percent to 44.12 dollars, lifting its annual return above 115 percent.
Final Days of 2025 Set the Stage for 2026
MARA Holdings and Bitdeer Technologies showed more mixed results, with both still down year‑to‑date despite Friday gains. Cleanspark, meanwhile, continues to post steady annual growth. The broad rally across miners suggests a constructive end to 2025, even as short‑term volatility persists. With holiday trading expected to remain thin, price swings may be amplified. As 2026 approaches, investor focus is likely to shift toward financial strength, expansion strategies, and bitcoin’s price trajectory, all of which will help determine which miners maintain momentum and which may need to recalibrate.
Frequently Asked Questions (FAQs)
- What drove the strong Friday performance for bitcoin mining stocks?
The gains were largely tied to broader market strength and renewed investor interest in miners with strong year‑to‑date performance.
- Are all major bitcoin miners ending 2025 with positive returns?
Most are on track to finish the year higher, though a couple remain in negative territory despite recent daily gains.
- What factors will shape miner performance in early 2026?
Balance sheet health, expansion plans, operational efficiency, and bitcoin’s price movement will play key roles as the new year begins.
