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Friday Nov 14 2025 21:40
2 min
Publicly traded Bitcoin mining companies faced a challenging week, with a large portion of major miners posting double-digit percentage declines, significantly underperforming Bitcoin's own price action. Over the past five trading days, companies such as Cipher Mining, Applied Digital, Core Scientific, CleanSpark, and Bitdeer saw their stock prices plummet between 23% and 52%. Other operators, including Riot Platforms and Hut 8, experienced losses in the mid-teens. Bitcoin (BTC) was trading around $94,400 at the time of this report, reflecting a decrease of approximately 9% over the preceding seven days. A Miner Mag report published on Thursday indicated that public mining stocks have collectively shed over $20 billion in market capitalization in the past month, a decline of roughly 25% since mid-October, severely underperforming Bitcoin's own decline. This downturn occurred even as institutional investors like Jane Street, Fidelity, and Barclays have been increasing their positions in several major mining firms. Despite these recent setbacks, some mining companies have managed to outperform Bitcoin on a year-to-date (YTD) basis. For instance, IREN, the largest publicly traded Bitcoin miner by market capitalization, has surged approximately 370% YTD, while Cipher Mining has gained around 210%. In contrast, Bitcoin itself has only appreciated by about 1.5% over the same period, according to data from TradingView.
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