The miner rally is led by Iris Energy, Applied Digital, and Cipher Mining. Their stock gains have dwarfed Bitcoin's moves over the past six months, signaling investors want miner operators more than raw BTC exposure [1].
Leaders by the numbers - Iris Energy — up 624% YTD, the top performer among the 15 largest miners [1]. - Applied Digital — up 345% [1]. - Cipher Mining — up 321% [1].
Beyond the trio, September’s data show breadth in the rally: the combined market cap of the 15 largest public miners hit $58.1B, up $16.5B from August [1]. Over the same stretch, Bitcoin rose about 21% in six months, while miner stocks surged, underscoring a shift toward mining operators over pure BTC exposure [1].
Closing thought: the takeaway is clear—investors are leaning toward mining operators as a crypto exposure play, not just grabbing BTC itself [1].
References
Капитализация акций майнеров достигла рекорда. По динамике роста они обошли биткоин
Капитализация 15 майнеров достигла $58,1 млрд; акции выросли выше BTC; лидеры Iris Energy, Applied Digital, Cipher Mining.
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