10 Stocks Exploding Higher: Bitcoin Miners Dominate the List

Ten stocks surged higher on Wednesday, tracking a positive finish on the broader market after a volatile start triggered by President Donald Trump’s comment that he mulled over firing Federal Reserve Chairman Jerome Powell, though he noted it was “highly unlikely.”

The stocks, which we named in this list, were dominated by Bitcoin mining companies, with investors appearing to remain optimistic about the passage of three bills that would regulate the framework for digital coins and cryptocurrencies.

The stocks were chosen based on two criteria: at least $2 billion in market capitalization and over 5 million shares in trading volume.

10. Bitdeer Technologies Group (NASDAQ:BTDR)

Bitdeer Technologies jumped by 7.57 percent on Wednesday to close at $13.50 apiece as investors remained optimistic about the passage of three legislations aimed at regulating the framework of cryptocurrencies and digital assets in the US.

A so-called “Crypto Week” will supposedly secure lawmakers’ green light this week for three legislations, namely the Genius Act, the Clarity Act, and the Anti-CBDC Surveillance State Act.

The Genius Act, for its part, needed the approval of House lawmakers before it could be sent to President Donald Trump to officially pass the measure into law.

However, a snag cast doubt on the fate of the measures, which led to the failed approval of the bills. While Trump promised the passage on Tuesday morning, no measure succeeded during the day.

Investors, however, remained optimistic, evident with the rally in prices of Bitcoin and shares of mining firms, such as Bitdeer Technologies Group (NASDAQ:BTDR), thanks to the bold backing from Trump himself.

In other news, Bitdeer Technologies Group (NASDAQ:BTDR) is expected to release the results of its second quarter earnings performance in the second week of August 2025.

9. TeraWulf Inc. (NASDAQ:WULF)

TeraWulf jumped by 7.8 percent on Wednesday to close at $5.25 apiece as investors remained optimistic about the passage of three bills that would regulate the framework of digital assets and cryptocurrencies.

TeraWulf Inc. (NASDAQ:WULF) rallied alongside Bitcoin prices and its mining peers, on optimism that the Genius Act, the Clarity Act, and the Anti-CBDC Surveillance State Act, will secure lawmakers’ green light and pass into law.

The Genius Act, for its part, needed the approval of House lawmakers before President Donald Trump signs it into law.

However, a snag cast doubt on the fate of the measures, which led to the failed approval of the bills earlier this week. While Trump promised the passage on Tuesday morning, no measure succeeded during the day.

Despite the failed approval, investors were holding onto the industry’s strong backing from Trump himself, who promised earlier this year to make cryptocurrency a national priority.

In other news, TeraWulf Inc. (NASDAQ:WULF) is expected to release the results of its second quarter earnings performance in the second week of August 2025.