Bitcoin Miners’ Market Cap Nears $47B

Public bitcoin mining stocks rebound strongly. Market capitalization surpasses $47 billion as industry leaders set fresh yearly and all-time highs.

Mining stocks rebound sharply

Publicly traded bitcoin mining companies staged a strong comeback over the past week, fueled by renewed investor demand. Several leaders posted double-digit gains, pushing the sector’s market value close to $50 billion.

Bitfarms (NASDAQ: BITF) led the rally with a 17% surge to $2.61, reaching a $1.47 billion market cap. HIVE (NASDAQ: HIVE) followed with an 11.8% jump to $4.26. Both firms nearly doubled from earlier yearly lows.

Industry leaders hit records

IREN (NASDAQ: IREN) rose 2.1% to $34.66, raising its market value to $9.4 billion — the largest among peers. Cipher Mining (NASDAQ: CIFR) and Hut 8 (NASDAQ: HUT) each gained around 2%, setting fresh 52-week highs.

Meanwhile, Applied Digital (NASDAQ: APLD) climbed to an all-time record of $19.6, while IREN touched $36.38.

Market cap more than doubled

The combined capitalization of 15 major miners more than doubled this year — from $21 billion to $47 billion. Over the last month, most mining stocks even outperformed bitcoin itself, reinforcing their role as prime beneficiaries of renewed digital asset infrastructure investment.