Bitcoin Mining and Treasury Firms Falter Together as BTC Drops 4.6% on the Week

CN
4 hours ago

The mining board set the tone. IREN Limited (IREN) eased 1.79% to $60.72 for a $16.46 billion market cap, while Applied Digital (APLD) fell 6.52% to $34.24 and $9.58 billion. Riot Platforms (RIOT) was one of the few bright flickers on Friday, up 2.45% at $20.03 with a $7.40 billion valuation, as Cipher Mining (CIFR) managed a modest 0.21% gain to $18.76and $7.38 billion.

Most miners chalked up Friday’s dip as just another bruise after an otherwise decent five-day climb—except for HIVE, NB2.DE, and ABTC, who clearly missed the memo on winning streaks. MARA Holdings (MARA) slipped 3.42% to $19.57 and $7.25 billion to close the week, while Core Scientific (CORZ) faded 3.40% to $19.00 and $5.80 billion.

Bitcoin miner Cleanspark (CLSK) gave back 2.35% to close at $19.52 with a $5.49 billion cap. Terawulf (WULF) nudged 0.50% higher to $13.93 and $5.45 billion, showing there was still a pulse outside the megacaps. Hut 8 (HUT) drifted 0.65% to $48.46 and $5.11 billion, while Bitdeer Technologies (BTDR) took the biggest hit among the top ten on Friday, dropping 7.18% to $24.02 and $5.09 billion.

Bitcoin Mining and Treasury Firms Falter Together as BTC Drops 4.6% on the Week

The second half of the top 20 leaned red as well. Bitfarms (BITF) fell 5.11% to $5.01 ($2.77 billion), and HIVE Digital (HIVE) was off 2.22% at $5.71 ($1.31 billion). In Europe, Northern Data (NB2.DE) slid 9.05% to $16.17 with a $1.04 billion cap. American Bitcoin Corp. (ABTC) lost 5.76% to $4.74 ($835.96 million). Hardware maker Canaan (CAN) retreated 4.19% to $1.60 ($717.17 million), while Cango (CANG) edged 1.19% lower to $4.14 ($713.18 million).

Bitcoinminingstock.io shows micro-cap action, providing the day’s comic relief. Bitfufu (FUFU) eased 2.43% to $3.60 ($591.43 million), but Digi Power X (DGXX) jumped 7.84% to $3.85, even with a modest $172.12 million footprint. Soluna Holdings (SLNH) advanced 5.48% to $4.42 ($133.11 million), and Canada-listed Neptune Digital Assets (NDA.V) added 4.41% to $0.71 with a $90.23 million valuation. Taken together, miners finished the week mostly softer but with just enough green shoots to keep stock pickers awake.

Away from rigs and racks, the bitcoin treasury cohort—screened to exclude some of the aforementioned miners—also posted a mixed session. Tesla (TSLA) gained 2.46% to $439.31 for a $1.42 trillion cap, while Italy’s Intesa Sanpaolo (ISP.MI) slipped 2.50% to $6.23($110.75 billion). Mercadolibre (MELI) edged 0.88% lower to $2,024.98 ($102.66 billion). In U.S. crypto-services, Coinbase (COIN) rose 1.74% to $336.02 ($86.34 billion), and Strategy (MSTR) added 2.12% to $289.87 ($82.04 billion).

Block (SQ) ticked 0.88% higher to $75.20 ($45.84 billion). Japan’s Nexon (3659.T) fell 2.88% to $20.23 ($16.17 billion), while Galaxy Digital (GLXY) dropped 5.33% to $37.78 ($14.22 billion). Meme-stock veteran Gamestop (GME) inched 0.47% to $23.07 ($10.33 billion), and Bitmine Immersion Technologies (BMNR) eased 2.56% to $49.85 ($8.64 billion).

For context, spot bitcoin ( BTC) is down 4.6% week over week and 12.2% across the last two weeks, a headwind that tends to pinch miner margins and mute beta across the treasury basket. Even so, Friday’s tape shows select outliers can still catch a bid when catalysts or positioning line up.

  • Where is this data from? Prices, 1-day moves, and market caps are from bitcoinminingstock.io’s Friday close.
  • Why did miners mostly fall? Bitcoin weakened this week, which typically pressures mining margins and share prices.
  • Which names outperformed? Riot, Cipher, Terawulf, Digi Power X, Soluna, and Neptune posted gains on Friday.
  • How did bitcoin trade? Bitcoin ( BTC) fell 4.6% on the week and 12.2% over two weeks, shaping sentiment across equity markets associated with the leading crypto asset.

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