From Nasdaq

April 25, 2025 4:15:00 PM:

Bitcoin has surged 12% this week due to easing trade tensions, benefiting Bitcoin miners like TeraWulf (WULF), Riot Platforms (RIOT), and MARA Holdings (MARA) up 36%, 26.1%, and 17% respectively. The rise in cryptocurrencies is tied to market dynamics, with Bitcoin showing correlation with growth stocks.

Bitcoin miners saw a boost because of their revenue tied to Bitcoin, with MARA Holdings holding 46,000 Bitcoins, Riot Platforms with 19,223 Bitcoins, and TeraWulf having $274.5 million in cash and Bitcoin. A $100 million credit facility with Coinbase is a significant move for Riot Platforms, potentially aiding their growth plans.

The future of Bitcoin miners is closely tied to the price of Bitcoin itself, which acts as their revenue stream and impacts their balance sheets. While the recent surge is positive, the leveraged nature of the mining business means that any downturn in Bitcoin prices could lead to rapid deterioration in operations and balance sheets. Consider the risks before investing.

Read more at Nasdaq: Why Bitcoin Miners Soared This Week