Crypto stocks such as Bitmine Immersion Technologies, leading Bitcoin miners CleanSpark and Riot Platforms are very positive following the crypto market rally that saw Bitcoin surpass $92,000 and Ethereum above $3,000 early Friday.
The stock price of Bitmine (BMNR), a leading Ethereum treasury company, rose 4.47% today and is up more than 27% in the past five business days, currently sitting at $33.16.
The company, which is chaired by outspoken investor Tom Lee, remains bullish on the No. 2 crypto asset. Continually increasing the safe Even though ETH is down more than 38% from its all-time high in August. BitMine holds $11 billion worth of Ethereum.
CleanSpark (CLSK) and Riot Platforms (RIOT) rose further, rising 12.27% and 7.8%, respectively, since Friday’s opening bell. The pair has posted even bigger gains over the past five days, highlighted by CleanSpark gaining over 54% during that period.
However, this move only helped reduce some of the monthly losses, as CLSK stock still fell about 21% during that time, closing at $15.10.
Roller coaster ride comes just weeks after Bitcoin mining company launches Increased convertible bond issuance amount to $1.15 billionalmost half of which will go toward share buybacks at an average price of $15.03.
Shares of other Bitcoin miners, including BitFarms (BITF) and Cipher Mining (CIFR), both rose more than 5% on Friday.
The pair are among a growing list of Bitcoin miners planning to play a key role in AI computing, with BitFarm fully Transitioning from Bitcoin mining from 2026 to 2027 After posting a loss of $46 million in the third quarter.
cypher mining stocks It rose 22% earlier this month. After announcing a $5.5 billion, 15-year lease agreement with Amazon Web Services to provide space and power for AI workloads. CIFR stock is up more than 500% in the past six months.
Further down the list, shares of MARA Holdings (MARA) and HIVE Digital Technologies rose 5% and 6%, respectively, on Friday.
But miners aren’t the only ones enjoying Friday green sessions. Digital asset government bonds, whose stock prices have been declining recently, have been given a significant reprieve.
Along with BitMine, shares of SharpLink Gaming, Forward Industries, and Strategy (formerly MicroStrategy) are all in the green. However, the stocks of these three companies have fallen 22%, 43%, and 37%, respectively, in the last month.
The odds of a December rate cut have improved in recent days, powered by Myriad’s prediction market. decryptionDastan, the parent company of , has about an 85% probability that the Federal Reserve will cut interest rates by 25bps, likely creating a near-term catalyst for all markets.
As such, Bitcoin and Ethereum rose 7% and 9.4%, respectively, last week. BTC was recently trading at $90,868 and ETH was trading at $3,047.
