Bitcoin Miners: Red Faces, Red Numbers, Red Everything! 😱💸

by

So, Bitcoin mining stocks decided to take a little weekend stroll, but instead of a leisurely walk, they face-planted into a ditch. Why? Well, Bitcoin took a 7.8% nosedive to $101,827, and the hashprice? Oh, it’s lower than my expectations for a Seinfeld reunion. 🥴 According to bitcoinminingstock.io, the top 20 miners were all like, “Red? Yeah, we’re wearing red today.” Only a few managed to dodge the bullet, but let’s be honest, they probably just tripped over it. 😂

Publicly Traded Bitcoin Miners: A Week of “What Just Happened?” as BTC Slides 7.8%

IREN Limited is still the prom queen of the sector with a $16.97 billion market cap, even after a 6.83% slip. But hey, it’s up 2.68% over five days, so it’s basically the kid who got an A-minus and still brags about it. 🏆

Applied Digital Corporation is right behind with $8.66 billion, down 0.32% daily and 10.61% weekly. Cipher Mining is like the underdog who climbed 10.93% weekly but still fell 4.69% on Friday. You go, Glenn Coco! 🎉

Riot Platforms dropped 1.73% daily and 14% weekly, sitting pretty at $6.32 billion. Core Scientific? Down 1.94% daily, 6.26% weekly, and just below Riot at $6.26 billion. MARA Holdings inched down 0.56% daily and 13.13% weekly, finishing with a $6 billion market cap. Because why not? 🤷‍♂️

Terawulf shed 2.31% daily and 10.06% weekly, still holding a $5.45 billion cap. Hut 8 bucked the trend, rising 2.81% Friday, but it’s still down 11.98% weekly at $4.82 billion. Bitdeer Technologies Group was the day’s standout, up 3.62%, trimming its five-day loss to under 1%. Nice save, buddy! 🦸‍♂️

Cleanspark added 1.10% on Friday but is still down 12.52% for the week at $4.36 billion. Mid-tier miners? They got hit harder than a piñata at a five-year-old’s birthday party. Bitfarms fell 0.81% daily and 7.80% weekly, while HIVE Digital Technologies lost 1.26% Friday and 9.61% for the week. Germany’s Northern Data AG? Down 10.40% daily and 20.54% weekly. Ouch. 😬

The Trump-backed American Bitcoin Corp gained 2.20% daily but is still down 8.84% weekly. Cango climbed 2.33% after a 12.28% slump. Canaan Inc. saw a 5.30% rebound after double-digit losses. Bitfufu? Sank 4.20% Friday, extending its fall to 8.59%. Because why not end the week on a low note? 🎶

Digi Power X slipped 2.49% daily and 15.92% weekly, while Soluna Holdings plunged 14.14% in 24 hours, marking a 25.21% weekly slide. Neptune Digital Assets managed a 1.81% recovery, softening its 15.15% weekly drop. It’s like they’re all in a race to the bottom, but nobody’s winning. 🏁

Overall, miners mirrored Bitcoin’s slump, with market caps shrinking faster than my patience at a DMV. But hey, 2025’s winners-IREN, Cipher, and Applied Digital-are still in the green, so investor faith isn’t completely gone. Yet. 🤞

FAQ ⚙️

  • Q1: What caused Bitcoin mining stocks to decline this week?
    A1: Bitcoin prices fell, hashprice dropped, and profitability took a nosedive. Basically, it was a bad hair day for miners. 💇‍♂️
  • Q2: Which Bitcoin miner has the highest market cap?
    A2: IREN Limited, with a $16.97 billion market cap. It’s the Beyoncé of miners. �QueenBey
  • Q3: Which miner saw the biggest daily gain?
    A3: Bitdeer Technologies Group, up 3.62%. It’s the kid who got an A+ on the test everyone failed. 🌟
  • Q4: Which miner posted the steepest weekly drop?
    A4: Northern Data AG, down 20.54%. It’s like they tripped on the stairs and kept falling. 🤕

Read More

2025-11-09 02:38