Bitcoin 
Ethereum 
Tether 
Solana 
BNB 
XRP 
Dogecoin 
USDC 
Lido Staked Ether 
Cardano 
TRON 
Avalanche 
Shiba Inu 
Wrapped stETH 
Wrapped Bitcoin 
Toncoin 
Sui 
WETH 
Bitcoin Cash 
Chainlink 
Pepe 
Polkadot 
LEO Token 
Stellar 
NEAR Protocol 
Litecoin 
Aptos 
Wrapped eETH 
Uniswap 
USDS 
Cronos 
Hedera 
Internet Computer 
Ethereum Classic 
Render 
Bonk 
Kaspa 
Bittensor 
Ethena USDe 
POL (ex-MATIC) 
WhiteBIT Coin 
Dai 
Artificial Superintelligence Alliance 
dogwifhat 
Arbitrum 
MANTRA 
Monero 
Stacks 
OKB 
Filecoin 
Bitcoin mining stocks have showed mixed results this October, with many falling more than Bitcoin, which has also recorded a modest 4.5% drop so far.
| Ticker | Sept. 30 ($) | Oct. 10 ($) | Gain/Loss (%) | Company Name |
|---|---|---|---|---|
| RIOT | 7.42 | 7.74 | 4.3 | Riot Platforms |
| GLXY | 17.36 | 17.70 | 2.0 | Galaxy Digital |
| CORZ | 11.86 | 11.97 | 0.9 | Core Scientific |
| SATO | 0.25 | 0.24 | -4.0 | Sato Technologies |
| CIFR | 3.87 | 3.67 | -5.2 | Cipher Mining |
| MARA | 16.22 | 15.23 | -6.1 | Marathon Digital Holdings |
| DMGI | 0.49 | 0.46 | -6.1 | DMG Blockchain Solutions |
| HIVE | 3.13 | 2.91 | -7.0 | HIVE Digital Technologies |
| CLSK | 9.34 | 8.66 | -7.3 | CleanSpark |
| SLNH | 3.13 | 2.88 | -8.0 | Soluna Holdings |
| MIGI | 1.24 | 1.13 | -8.9 | Mawson Infrastructure |
| HUT | 12.26 | 11.12 | -9.3 | Hut 8 Mining |
| BITF | 2.22 | 1.79 | -19.4 | Bitfarms |
Co-founder of Power Mining Analysis, Anthony Power, highlighted that the only positive performers are Riot Platforms (RIOT), which increased by 4.3%, rising from $7.42 to $7.74. Galaxy Digital (GLXY) saw a 2% uptick, moving from $17.36 to $17.70, and Core Scientific (CORZ) edged up 0.9%.
On the downside, Bitfarms (BITF) declined 19.4%, falling from $2.22 to $1.79. Hut 8 Mining (HUT) decreased 9.3%, and Mawson Infrastructure (MIGI) dropped 8.9%. Other companies like Soluna Holdings (SLNH) and CleanSpark (CLSK) also experienced losses.
Bitcoin’s price fell 4.5% during the same period, starting at $64,311 and reaching approximately $61,401 as of press time. This decline impacts mining companies’ profitability, as their revenues are closely tied to Bitcoin valuations. The Bitcoin halving in April, which reduced mining rewards by half, may also influence miners’ operational strategies and financial performance.
Further, internal business, including corporate management issues and operational efficiency, are beginning to play a larger part in shaping the market’s perception of miners, as competition in the industry has never been greater.
