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Bitcoin Mining Stocks Jump as Crypto Market Continues Historic Rally
Yahoo Financeยท2025-10-06 21:14

Core Insights - Bitcoin's price reached a new all-time high of $126,080, leading to significant gains in Bitcoin mining company stocks, which rose even more rapidly than Bitcoin itself [1][4] - Major public mining companies such as HIVE Digital, MARA, and CleanSpark experienced substantial stock price increases, with HIVE Digital rising by 25% to nearly $6 per share [1][2] - The attractiveness of mining stocks is enhanced by companies leveraging high-powered computing to boost profits, exemplified by Google's involvement with Bitcoin miner Cipher [2][3] Company Performance - HIVE Digital saw a 25% increase, while MARA and CleanSpark both rose by over 9%, with MARA closing at $21 per share and CleanSpark at $17 [1][2] - Riot Platforms also experienced a nearly 11% increase, closing at $21.56 [2] Market Trends - Investors are increasingly viewing Bitcoin miners as owners of valuable infrastructure, such as power contracts and grid access, rather than just as proxies for Bitcoin [3][4] - The market capitalization of Bitcoin miners reached a record high in September, driven by significant investments into Bitcoin ETFs, which saw $5.95 billion in inflows, including $3.55 billion specifically into Bitcoin funds [5]