Bitcoin-exposed stocks limped into the weekend with the tape cracking on Friday, as most major miners and some Bitcoin treasury stocks ended the day lower, according to data collected by bitcoinminingstock.io.
Closing prices of Bitcoin-related stocks vary
The mining board set the tone. IREN Limited (IREN) fell 1.79% to $60.72 with a market cap of $16.46 billion, while Applied Digital (APLD) fell 6.52% to $34.24 with a market cap of $9.58 billion. Riot Platforms (RIOT) was one of the few bright spots on Friday, rising 2.45% to $20.03, giving it a valuation of $7.4 billion. Meanwhile, Cipher Mining (CIFR) rose just 0.21% to $18.76, or $7.38 billion.
Most miners chalked up Friday's plunge as just a bruise after an otherwise smooth five-day rally, with the exception of HIVE, NB2.DE and ABTC, which clearly missed the winning streak. MARA Holdings (MARA) fell 3.42% to end the week at $19.57, or $7.25 billion, while Core Scientific (CORZ) fell 3.40%, to $19.00, or $5.8 billion.
Bitcoin miner Cleanse Park (CLSK) returned 2.35% to close at $19.52 with a cap of $5.49 billion. Terrawolf (WULF) rose 0.50% to $13.93 and $5.45 billion, showing it still has momentum outside of the megacaps. Hut8 (HUT) fell 0.65% to $48.46 billion and $5.11 billion, while Bitdeer Technologies (BTDR) took the biggest hit among the top 10 on Friday, dropping 7.18% to $24.02 billion and $5.09 billion.
The second half of the top 20 turned red as well. BitFarms (BITF) fell 5.11% to $5.01 ($2.77 billion) and Hive Digital (HIVE) fell 2.22% to $5.71 ($1.31 billion). In Europe, Northern Data (NB2.DE) fell 9.05% to $16.17 (capped at $1.04 billion). American Bitcoin Corporation (ABTC) fell 5.76% to $4.74 ($835.96 million). Hardware maker Canaan (CAN) fell 4.19% to $1.60 ($717.17 million), and Cango (CANG) fell 1.19% to $4.14 ($713.18 million).
Bitcoinminingstock.io shows the microcap movement and provides comic relief for the day. Bitfufu (FUFU) fell 2.43% to $3.60 ($591.43 million), while Digi Power X (DGXX) rose 7.84% to $3.85 despite a modest footprint of $172.12 million. Solna Holdings (SLNH) rose 5.48% to $4.42 ($133.11 million), while Canadian-listed Neptune Digital Asset (NDA.V) rose 4.41% to $0.71 (valued at $90.23 million). In summary, miners ended the week mostly soft, but there were enough green shoots to wake up stock pickers.
Apart from rigs and racks, the Bitcoin treasury group, which was screened to exclude some of the aforementioned miners, also posted mixed sessions. Tesla (TSLA) rose 2.46% to $439.31 ($1.42 trillion), while Italy's Intesa Sanpaolo (ISP.MI) fell 2.50% to $6.23 ($110.75 billion). MercadoLibre (MELI) fell 0.88% to $2024.98 ($102.66 billion). Among US crypto services, Coinbase (COIN) increased by 1.74% to $336.02 ($86.34 billion) and Strategy (MSTR) increased by 2.12% to $289.87 ($82.04 billion).
Block (SQ) rose 0.88% to $75.20 ($45.84 billion). Japan's Nexon (3659.T) fell 2.88% to $20.23 ($16.17 billion), and Galaxy Digital (GLXY) fell 5.33% to $37.78 ($14.22 billion). Meme stock veteran GameStop (GME) fell 0.47% to $23.07 ($10.33 billion), while Bitmine Immersion Technologies (BMNR) fell 2.56% to $49.85 ($8.64 billion).
For context, Spot Bitcoin (BTC) is down 4.6% week-over-week and 12.2% over the past two weeks, a headwind that is compressing miner margins and tending to suppress beta across the treasury basket. Still, Friday's tape shows that selected outliers can still get bids if the catalysts and positioning align.
Frequently asked questions ðŸ§
- Where does this data come from? Price, daily price movement, and market cap are from Friday's closing price of bitcoinminingstock.io.
- Why did most of the miners fall? Bitcoin has fallen this week, which typically puts pressure on mining margins and stock prices.
- Which names performed better? Riot, Cypher, Terrawolf, Digipower X, Soluna, and Neptune rose on Friday.
- How was Bitcoin traded? Bitcoin (BTC) is down 4.6% this week and 12.2% in two weeks, shaping overall stock market sentiment around the leading crypto asset.
