Bitcoin Mining Stocks Surge Ahead of Year-End

On Friday, bitcoin mining stocks saw a significant increase, with a 9.43 rise in market cap. All of the top ten publicly traded miners ended the day positively, including three that experienced double-digit gains. As the year approaches its end, most miners are positioned to finish on a high note.
IREN Limited, the largest bitcoin miner by market cap at 11.31 billion, closed at 39.92 after an 11.50 gain. Despite a slight dip of 0.52 over the past five days, the stock is up 306.51 year-to-date YTD . Applied Digital also had a strong day, finishing at 27.85 with a 16.52 increase, while maintaining a 264.52 YTD rise.
Cipher Mining ended the day at 16.21 with a 6.99 gain, despite being down 4.92 over the past week. Riot Platforms Inc. closed at 14.50 after climbing 8.37 on Friday, but saw a 5.22 decline over the week. Terawulf Inc. finished at 12.52 with a 6.19 gain, remaining up 121.20 YTD despite a recent drop.
Core Scientific closed the week at 15.60 with a 7.14 increase, bringing its YTD gain to 11.03 . Hut 8 Corp. jumped 14.33 to close at 44.12, achieving a 115.32 YTD return. Other miners like MARA Holdings and Cleanspark Inc. also saw gains, although Bitdeer Technologies Group remained down for the year despite a 9.99 daily increase.
Overall, Friday s gains set a positive tone for bitcoin miners as they head into the final days of 2025. Despite some short-term fluctuations, most miners are in a strong position. Looking ahead to 2026, investors will focus on balance sheets, expansion plans, and bitcoin s price movements to determine which miners will maintain momentum and which may face challenges.