Bitcoin-mining stocks closed higher Friday, with Applied Digital Corporation jumping 22.18% to top the leaderboard.
Bitcoin Miners Rally as Volatility Breeds Opportunity
Applied Digital posted the largest single-day gain among bitcoin miner-exposed equities, climbing more than 22% to close at $6.83. Bitdeer Technologies Group followed with a 10.63% advance to $15.19, while Hut 8 Corp. rose 9.95% to $17.13.
IREN Limited gained 8.52%, and Riot Platforms added 5.17%. Cleanspark, MARA Holdings, and Galaxy Digital posted more modest daily increases, while Northern Data AG was nearly flat. Looking at weekly performance, Applied Digital also led the pack with a 28.62% increase over the past five trading days.
Source: bitcoinminingstock.io
IREN Limited jumped nearly 12% for the week, and Galaxy Digital Holdings saw an 11.29% boost this past week. Hut 8 ended the week up 10.37%, and Core Scientific advanced more than 9%. Meanwhile, Bitdeer, Riot Platforms, and Northern Data posted more modest weekly gains ranging from 5% to 7%.
Despite the upbeat week, not all miners have fared well in 2025. Year-to-date (YTD), Northern Data is still down 38.42%, the steepest decline in the group. Bitdeer is off nearly 30%, while Core Scientific has dropped 23.27%. Other laggards include Hut 8, IREN, Riot, and Applied Digital, all of which remain in negative territory for the year.
Galaxy Digital stands out as a bright spot, with shares up 29.26% in 2025, the best YTD performance of the group. Cleanspark has also gained ground this year, rising 6.18%. The mix of strong short-term momentum and lingering year-to-date losses suggests a market still recalibrating after a volatile start to the year.
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