The crypto mining sector has experienced a surge, fueled by the 2024 bull market, with major players like Marathon Digital, Riot Platforms, and Core Scientific reporting impressive revenue spikes as Bitcoin’s price reached an all-time high. This rise in investor optimism toward cryptocurrency has boosted the stock prices of many miners. However, not all companies in the industry have benefited equally.
Data from AltIndex.com reveals that Core Scientific has emerged as the clear leader in terms of stock price growth, with a staggering 311% year-over-year increase. On the other hand, Marathon Digital Holdings, the largest crypto miner by market capitalization, has seen a more modest stock price rise of just 0.8%, underperforming its peers in comparison.
Core Scientific’s Recovery Post-Bankruptcy Drives Triple-Digit Growth
Despite the heightened competition and pressures triggered by Bitcoin halving, the crypto mining industry still enjoyed a positive investor sentiment that fueled a surge in stock prices for many miners. AltIndex’s analysis reveals that six of the ten largest crypto mining companies saw triple-digit stock price growth in the last 12 months, with Core Scientific (CORZ) leading the pack.
After emerging from bankruptcy in early 2024, the company secured new funding and restored investor confidence which propelled its stock price to record highs. Although CORZ price peaked at over $16 in the final week of January, it has dropped to $12.27 since then, still reflecting a remarkable 311% year-over-year increase, the highest among all crypto miners.
Hut 8 Mining saw the second-largest stock price growth, rising by 197% year-over-year and reaching a price of $21.69. Statistics show IREN and TeraWulf also posted impressive gains of 169% and 168%, respectively. Bitdeer Technologies Group and Cipher Mining were the only two companies besides these giants that saw triple-digit gains, as their stock prices soared by 141% and 113% in the past year. Far below, CleanSpark, BitFuFu, and Riot Blockchain followed with 26%, 11%, and 6% gains, respectively.
Unlike these companies, which ended the year on a high note and continued their strong momentum in 2025, the world’s largest Bitcoin miner by market cap, Marathon Digital Holdings (MARA), barely moved. A net loss in the second and third quarters of 2024, combined with its diversification into areas like AI and high-performance computing, has made investors cautious, causing MARA’s share price to stagnate over the past year. MARA’s price stood at $18.34 yesterday, which is only a 0.8% increase over the past year and the weakest performance among major crypto mining stocks.
Crypto Miners’ Monthly Revenue Remains at a High $1.4 Billion, Despite the Bitcoin Halving
Besides seeing their stock values soar, crypto miners have also quickly adapted after the Bitcoin halving and reduced block rewards, benefiting from higher BTC prices and improved operational efficiencies.
According to The Block data, miners’ monthly revenue reached an impressive $1.4 billion in January, slightly down from December’s $1.44 billion but still $500 million more than in January 2023. This figure also represents a significant 45% increase from May 2024, when miners’ revenue dropped to $964 million following the Bitcoin halving.
