Mining Sector Booms
Bitcoin reached a new all-time high of $126,080 on Monday, triggering significant gains across the crypto mining and treasury sectors. The rally has led to substantial increases in share prices for multiple companies involved in cryptocurrency operations.
Argo Blockchain emerged as the top performer among global crypto miners, skyrocketing by 96% on the London Stock Exchange to reach 5.3 pence per share. US-based competitors also showed impressive growth, with some posting gains exceeding 20%.
Major US mining companies experienced notable increases:
- HIVE Digital Technologies rose over 25% during regular trading and continued to climb in after-hours trading, adding another 11% to reach $6.18
- Bitfarms and IREN both saw gains of approximately 15%, closing at $3.46 and $57.75, respectively
- Riot Platforms increased by 10.9% to $21.56
- MARA Holdings jumped 9.3% to $20.57
Treasury Companies Mixed Performance
Bitcoin treasury companies displayed varied results:
- DDC Enterprise led gains with a 22% increase
- Strategy (MSTR) closed up 2.3%
- GD Culture Group and Strive ended the session down 4.2% and 2.7%, respectively
- Kindly MD was the worst performer, dropping 8.8% to $1.03
- Semler Scientific saw minimal growth of 0.62%
Altcoin treasury companies showed stronger performance:
- CEA Industries (BNB treasury) rose 15.6% to $9.40
- Forward Industries (Solana treasury) closed up 12.8% at $25.43
Market Context
The surge in Bitcoin and related stocks comes amid a broader market rally, with the tech-heavy S&P 500 gaining 0.36%. The increasing integration of cryptocurrencies with traditional finance has contributed to this upward trend. Additionally, a weakening US dollar and growing institutional interest in cryptocurrencies have further fueled the rally.
Ethereum also showed strength, gaining 3% to trade at $4,675, remaining close to its recent all-time high.
