In this article, we will look at the Top 15 Bitcoin Mining Stocks to Buy Amid Bitcoin Hike.
Bitcoin has been hitting fresh records this year, currently trading over $118,000. It hiked over $120,000 for the first time on July 14, marking the latest milestone for the cryptocurrency. Shifting macro positioning, structural demand, and a continuing trend of Wall Street adoption are prominent factors supporting the boost.
Jeff Mei, Chief Operating Officer at cryptocurrency exchange BTSE, told CNBC that the Bitcoin surge is primarily driven by “longer-term institutional buyers,” and this trend may propel the cryptocurrency to $125,000 in the next month or two. He further added:
“Trump’s trade disputes with the likes of the EU, Mexico, and other trading partners could cause dips in the week ahead, but it’s likely that Bitcoin’s institutional buyers are discounting this risk and maintaining their positions that Bitcoin will still appreciate in the long run.”
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Talking about the heightened attention to Bitcoin, Xu Han, director of the Liquid Fund at HashKey Capital, told CNBC in a statement:
“Long-term holders are locking up supply, while global policy clarity — especially around stablecoins and crypto legislation — has boosted investor confidence and capital inflows.”
Supporting this rally, President Donald Trump signed the Guiding and Establishing National Innovation for US Stablecoins, known as the GENIUS Act, into law on July 19.
CNBC reported that the GENIUS ACT aims to regulate the stablecoin market, valued at approximately $238 billion according to CoinDesk data, and create a clearer framework for companies, banks, and other entities to issue digital currencies. The GENIUS Act is the first major law associated with digital currency.
“We worked hard. It’s a very important act, the GENIUS Act. They named it after me,” President Trump joked. “I want to thank you. This is a hell of an act.”
With these positive trends for the crypto industry in view, let’s look at the top 15 bitcoin mining stocks to buy amid the bitcoin hike.
A close-up of a person’s hands holding cryptocurrency coins.
Our Methodology
We used Finviz to compile a list of top bitcoin stocks and then selected the top 15 stocks with the highest number of hedge fund holders as of Q1 2025, sourcing the hedge fund sentiment data from Insider Monkey’s database. The list is sorted in ascending order of hedge fund sentiment.
Note: All data was recorded on July 18.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Top 15 Bitcoin Mining Stocks to Buy Amid Bitcoin Hike
15. Gryphon Digital Mining, Inc. (NASDAQ:GRYP)
Number of Hedge Fund Holders: 2
Gryphon Digital Mining, Inc. (NASDAQ:GRYP) is one of the top bitcoin mining stocks to buy amid bitcoin hike. On May 9, Gryphon Digital Mining, Inc. (NASDAQ:GRYP) entered into a definitive merger agreement with American Bitcoin Corp. to form a combined company that would operate under the brand American Bitcoin and be led by the board of directors of American Bitcoin.
The transaction is expected to close as early as Q3 2025, and management anticipates the combined company to trade on NASDAQ under the ticker symbol “ABTC.” The merger is expected to bolster their market positioning in the digital asset mining sector.
In other news, Gryphon Digital Mining, Inc. (NASDAQ:GRYP) regained compliance with NASDAQ listing requirements as of June 6, ensuring its presence on the Nasdaq Capital Market, a critical factor for maintaining market stability and investor confidence.
14. Bit Digital, Inc. (NASDAQ:BTBT)
Number of Hedge Fund Holders: 6
Bit Digital, Inc. (NASDAQ:BTBT) is one of the top bitcoin mining stocks to buy amid bitcoin hike. On July 18, Noble Financial analyst Joe Gomes maintained a Buy rating on Bit Digital, Inc. (NASDAQ:BTBT) and set a price target of $5.50.
On July 18, Bit Digital, Inc. (NASDAQ:BTBT) announced the purchase of approximately 19,683 Ethereum using the net proceeds from its recently completed $67.3 million registered direct offering to institutional investors. After the transaction, Bit Digital, Inc. (NASDAQ:BTBT) holds around 120,306 ETH.
Headquartered in New York City, Bit Digital (NASDAQ:BTBT) is a holding company that provides a platform for digital assets and AI infrastructure. Its Bitcoin mining operations are spread through the US, Canada, and Iceland.
13. HIVE Digital Technologies Ltd. (NASDAQ:HIVE)
Number of Hedge Fund Holders: 7
HIVE Digital Technologies Ltd. (NASDAQ:HIVE) is one of the top bitcoin mining stocks to buy amid bitcoin hike. On July 18, analyst Mike Colonnese from H.C. Wainwright reiterated a Buy rating on HIVE Digital Technologies Ltd. (NASDAQ:HIVE), setting the price target at $6.00.
The analyst based the rating on the company’s undervaluation compared to peers and its aggressive expansion plans.
HIVE Digital Technologies Ltd. (NASDAQ:HIVE) has exhibited strong execution in increasing its hash rate rapidly, and has plans to quadruple its capacity to 25 EH/s by November 2025. The analyst reasoned that since the expansion is fully funded, it lowers financial risk considerably and increases growth visibility.
The firm also stated that HIVE Digital Technologies Ltd. (NASDAQ:HIVE) is making notable advancements in its high-performance computing (HPC) business and plans to grow its market share and capacity in the growing AI compute sector.
Colonnese further noted that HIVE Digital Technologies Ltd. (NASDAQ:HIVE) has underperformed its peers despite these positive developments, making it an attractive valuation opportunity for investors.
Based in Canada, HIVE Digital Technologies Ltd. (NASDAQ:HIVE) is a cryptocurrency mining company with a focus on sustainable, green energy. It operates green energy-powered data center facilities in Iceland, Sweden, and Canada.
12. BitFuFu Inc. (NASDAQ:FUFU)
Number of Hedge Fund Holders: 9
BitFuFu Inc. (NASDAQ:FUFU) is one of the top bitcoin mining stocks to buy amid bitcoin hike. On July 18, B. Riley initiated coverage of BitFuFu Inc. (NASDAQ:FUFU) with a Buy rating and $7.31 price target.
The rating followed a virtual meeting between BitFuFu Inc. (NASDAQ:FUFU) and B. Riley held on July 17, hosted by B. Riley. The firm told investors in a research note that BitFuFu Inc. (NASDAQ:FUFU) is a bitcoin mining company offering cloud mining services to a range of customers.
It justified its optimistic outlook by stating that BitFuFu Inc. (NASDAQ:FUFU) has an expanding self-mining footprint and is focusing on growing its ownership of power infrastructure in the coming quarters.
The firm also reasoned that BitFuFu Inc. (NASDAQ:FUFU) boasts a leadership position in cloud mining, a scalable platform, and a diversified revenue model.
BitFuFu Inc. (NASDAQ:FUFU) provides digital asset mining and cloud mining services. It functions through an array of stable and intelligent digital asset mining solutions, including one-stop cloud mining services and miner hosting services to individual digital asset enthusiasts and institutional customers. The company also offers a compliant, secure, and transparent blockchain infrastructure.
11. Bitfarms Ltd. (NASDAQ:BITF)
Number of Hedge Fund Holders: 11
Bitfarms Ltd. (NASDAQ:BITF) is one of the top bitcoin mining stocks to buy amid bitcoin hike. On June 10, Bitfarms Ltd. (NASDAQ:BITF) announced the filing of a share purchase agreement with Canadian Securities Regulatory Authorities regarding the sale of all issued shares of a corporation owning a bitcoin mining site in Yguazu, Paraguay, to Hive Holdings Paraguay 1 Ltd., Hive Holdings Paraguay 2 Ltd., and Hive Digital Technologies, Ltd.
Management expects this strategic move to affect Bitfarms Ltd.’s (NASDAQ:BITF) operations by diverting its interest in the project in Paraguay, which may potentially affect stakeholder interests and its market positioning.
In other news, Michael Grondahl from Northland Securities maintained a Buy rating on Bitfarms Ltd. (NASDAQ:BITF) on July 16, setting a price target of $3.25.
Bitfarms Ltd. (NASDAQ:BITF) is a vertically integrated Bitcoin mining company based in Canada. It currently has 15 Bitcoin data centers operating in the US, Canada, Argentina, and Paraguay. The company operates server farms that comprise computers (Miners) specifically designed to validate transactions on the Bitcoin Blockchain.
10. Canaan Inc. (NASDAQ:CAN)
Number of Hedge Fund Holders: 12
Canaan Inc. (NASDAQ:CAN) is one of the top bitcoin mining stocks to buy amid bitcoin hike. On July 17, Canaan Inc. (NASDAQ:CAN) announced that its US subsidiary entered into a purchase agreement with Cipher Mining for the supply of around 6,840 Avalon A15Pro miners to the latter’s Black Pearl facility in Q3 2025. The units would be fulfilled by Canaan Inc.’s (NASDAQ:CAN) Malaysian and US facilities.
The agreement is significant because it marks Canaan Inc.’s (NASDAQ:CAN) first-ever major initiative to offer large-scale domestic manufacturing support for US-based bitcoin mining customers. This reflects rising demand amid bitcoin’s renewed momentum and the unlocking of additional power sources.
Canaan Inc. (NASDAQ:CAN) is a holding company that develops and sells Bitcoin mining machines and related services. It specializes in green mining. The company also designs, researches, and sells integrated circuits (ICs) and leases mining equipment by integrating IC products for Bitcoin mining and related components in China.
9. Marathon Digital Holdings, Inc. (NASDAQ:MARA)
Number of Hedge Fund Holders: 13
Marathon Digital Holdings, Inc. (NASDAQ:MARA) is one of the top bitcoin mining stocks to buy amid bitcoin hike. On July 15, Two Prime announced a $20 million equity investment led by Marathon Digital Holdings, Inc. (NASDAQ:MARA), bolstering the existing relationship between the two companies.
Two Prime is an SEC-registered investment advisor and institutional lender and has total assets under management worth around $1.75 billion.
The investment round also includes additional participation from Susquehanna Crypto. In addition, it builds on Marathon Digital Holdings, Inc.’s (NASDAQ:MARA) previously announced allocation, increasing it from 500 BTC to 2,000 BTC, into Two Prime’s institutional yield strategies.
The transaction also formalizes Marathon Digital Holdings, Inc.’s (NASDAQ:MARA) equity stake in Two Prime. It marks a notable growth-stage investment with Two Prime scaling its institutional offerings.
Alexander Blume, CEO of Two Prime, stated that with bitcoin becoming a significant part of corporate and sovereign balance sheets, institutions are reassessing ways of deploying it strategically.
In this backdrop, Marathon Digital Holdings, Inc.’s (NASDAQ:MARA) investment highlights “a broader shift toward active, yield-focused bitcoin strategies that meet institutional standards,” making it a “long-term alignment around vision, risk management, and innovation.”
Marathon Digital Holdings, Inc. (NASDAQ:MARA) is a digital asset technology company that mines cryptocurrencies with a focus on the Bitcoin ecosystem. The company also operates bitcoin mining facilities or data centers, offers advisory and consulting services to support bitcoin mining ventures in international and domestic jurisdictions, generates electricity from renewable energy sources to power bitcoin mining, and sells proprietary software or technology to third parties in the bitcoin ecosystem.
8. Bitdeer Technologies Group (NASDAQ:BTDR)
Number of Hedge Fund Holders: 17
Bitdeer Technologies Group (NASDAQ:BTDR) is one of the top bitcoin mining stocks to buy amid bitcoin hike. On July 11, Northland Securities analyst Michael Grondahl maintained a Buy rating on Bitdeer Technologies Group (NASDAQ:BTDR) and set a price target of $20.00.
Bitdeer Technologies Group (NASDAQ:BTDR) reported 203 bitcoins mined in its June 2025 update, reflecting a 4% growth from May 2025.
This growth was attributed to the increased average self-mining hashrate resulting from the energization of SEALMINERs. The company grew its self-mining hashrate by 21% to 16.5 EH/s due to the continued deployment of SEALMINERs.
Matt Kong, Chief Business Officer at Bitdeer Technologies Group (NASDAQ:BTDR), stated that the company is on track to reach a rate of 40 EH/s by the end of October 2025.
Bitdeer Technologies Group (NASDAQ:BTDR) is a technology company specializing in blockchain and computing, offering hash rate sharing solutions, including Cloud hash rate and one-stop mining machine hosting solutions for efficient cryptocurrency mining. It has taken the lead as the largest vertically integrated Bitcoin miner.
7. Cipher Mining Inc. (NASDAQ:CIFR)
Number of Hedge Fund Holders: 21
Cipher Mining Inc. (NASDAQ:CIFR) is one of the top bitcoin mining stocks to buy amid bitcoin hike. On July 2, Cipher Mining Inc. (NASDAQ:CIFR) announced that Phase I of Black Pearl reached a self-mining capacity of around 3.4 EH/s, surpassing the company’s previous guidance of 2.5 EH/s for Q2 2025.
Management stated that hashrate is expected to continue growing at the site through Q3 2025, with new mining rigs being continually delivered in scheduled batches and gradually replacing legacy units.
Cipher Mining Inc. (NASDAQ:CIFR) has reached a total self-mining hashrate of around 16.8 EH/s, and it expects to scale to approximately 23.1 EH/s upon completion of the installation. The company produced ~1601 bitcoin in June, and ended the month with a balance of ~1,063 bitcoin after selling ~58 bitcoin as part of its regular treasury management process.
Cipher Mining Inc. (NASDAQ:CIFR) develops and operates bitcoin mining data centers. It operates four bitcoin mining data centers in Texas through its subsidiaries, including Cipher Mining Technologies Inc. The company specializes in industrial-scale Bitcoin mining and is dedicated to enhancing and fortifying the critical infrastructure of the Bitcoin network in the US.
6. CleanSpark, Inc. (NASDAQ:CLSK)
Number of Hedge Fund Holders: 23
CleanSpark, Inc. (NASDAQ:CLSK) is one of the top bitcoin mining stocks to buy amid bitcoin hike. On July 1, B. Riley initiated coverage of CleanSpark, Inc. (NASDAQ:CLSK) with a Buy rating and $16 price target.
The firm told investors in a research note that CleanSpark, Inc. (NASDAQ:CLSK) should continue to meet its growth targets over the coming 12 months.
The company surpassed its mid-year operating hash rate goal of 50 EH/s ahead of schedule on June 24, attaining the status of the first publicly traded bitcoin miner to achieve this scale with fully self-operated infrastructure, the firm noted.
The feat represented a 9.6% month-over-month increase, which further bolstered the company’s fleet’s energy efficiency to 16.15 J/Th.
CleanSpark, Inc. (NASDAQ:CLSK) is a bitcoin mining company that independently owns and operates data centers across the US, with locations in Georgia, Mississippi, Tennessee, and Wyoming.
5. Iris Energy Limited (NASDAQ:IREN)
Number of Hedge Fund Holders: 28
Iris Energy Limited (NASDAQ:IREN) is one of the top bitcoin mining stocks to buy amid bitcoin hike. On July 15, BTIG analyst Gregory Lewis maintained a Buy rating on Iris Energy Limited (NASDAQ:IREN) and set a price target of $22.00.
Iris Energy Limited (NASDAQ:IREN) reported record monthly revenue and hardware profile in June 2025. Total revenue reached $68 million, and the company reached its self-mining target of 50 EH/s.
The report also showed that Iris Energy Limited (NASDAQ:IREN) expanded its AI Cloud Business with ~2.4k Blackwell GPUs and completed an oversubscribed $550 million convertible notes offering, strengthening its market presence and infrastructure capabilities.
Formerly known as Iris Energy Limited, IREN Limited (NASDAQ:IREN) is an Australia-based company that owns and operates renewable energy-powered data centers. Its facilities are specially optimized for Bitcoin mining, AI cloud services, and other power-dense computing.
4. Hut 8 Mining Corp (NASDAQ:HUT)
Number of Hedge Fund Holders: 31
Hut 8 Mining Corp (NASDAQ:HUT) is one of the top bitcoin mining stocks to buy amid bitcoin hike. On July 11, Northland analyst Mike Grondahl raised the firm’s price target on Hut 8 Mining Corp (NASDAQ:HUT) to $26 from $20, keeping an Outperform rating on the shares.
The analyst told investors in a research note that Hut 8 Mining Corp (NASDAQ:HUT) has had a “lot of exciting” developments lately. The firm considers the increased credit facility with Coinbase from $65M to up to $130M to be a strategic maneuver, essentially doubling its non-dilutive capital on the balance sheet.
The analyst believes that Hut 8 Mining Corp (NASDAQ:HUT) can deploy this to execute on opportunities in its pipeline while simultaneously securing a more attractive cost of capital. The firm also added that it was “nice to see” the five-year capacity contracts with IESO.
Hut 8 Corp. (NASDAQ:HUT) is a bitcoin miner and a vertically integrated operator of large-scale energy infrastructure. It acquires, builds, designs, and operates data centers to power compute-intensive workloads, such as bitcoin mining. Its operations are divided into four business segments: Digital Assets Mining, Managed Services, High Performance Computing-Colocation and Cloud, and Other.
3. Riot Platforms, Inc. (NASDAQ:RIOT)
Number of Hedge Fund Holders: 35
Riot Platforms, Inc. (NASDAQ:RIOT) is one of the top bitcoin mining stocks to buy amid bitcoin hike. In a report released on July 15, Gregory Lewis from BTIG reiterated a Buy rating on Riot Platforms, Inc. (NASDAQ:RIOT) with a price target of $22.00.
Riot Platforms, Inc. (NASDAQ:RIOT) mined 450 bitcoin in June, which also represented the beginning of ERCOT’s Four Coincident Peak (“4CP”) program.
Jason Les, CEO of Riot Platforms, Inc. (NASDAQ:RIOT), stated that the company’s power strategy encompasses “economic curtailment and voluntary participation in the 4CP and other demand response programs” and significantly contributes to grid stability, bolstering the company’s competitive positioning.
Riot Platforms (NASDAQ:RIOT) is a Bitcoin mining and digital infrastructure company. It operates Bitcoin mining operations in Kentucky and central Texas, along with electrical switchgear engineering and fabrication operations in Denver. The company is divided into two segments: Bitcoin Mining and Engineering.
The Bitcoin Mining segment undertakes Bitcoin mining activities, while the Engineering segment manufactures and designs power distribution equipment and custom-engineered electrical products. The Engineering segment also provides manufacturing, electricity distribution product design, manufacturing, and installation services primarily focused on large-scale governmental and commercial customers.
2. TeraWulf Inc. (NASDAQ:WULF)
Number of Hedge Fund Holders: 35
TeraWulf Inc. (NASDAQ:WULF) is one of the top bitcoin mining stocks to buy amid bitcoin hike. On May 22, JMP Securities analyst Greg Miller initiated coverage on TeraWulf Inc. (NASDAQ:WULF) with a Market Outperform rating, setting a price target of $7.
In fiscal Q1 2025, TeraWulf Inc. (NASDAQ:WULF) commenced the buildout of dedicated HPC data halls and is on track to deliver 72.5 MW of gross HPC hosting infrastructure to Core42 in 2025.
The company increased its self-mining capacity by 52.5% year-over-year to 12.2 EH/s and energized Miner Building 5, bringing total capacity to 245 MW.
TeraWulf Inc. (NASDAQ:WULF) also initiated the process to secure additional HPC customers, targeting 200–250 MW operational by the end of 2026. The company has $219.6 million in cash and bitcoin holdings as of March 31, 2025.
TeraWulf Inc. (NASDAQ:WULF) operates and owns data center infrastructure specifically designed for high-performance computing and Bitcoin mining. It primarily leverages environmentally sustainable and zero-carbon energy sources, such as hydroelectric and nuclear power, to power its Bitcoin mining and other operations.
1. Core Scientific, Inc. (NASDAQ:CORZ)
Number of Hedge Fund Holders: 67
Core Scientific, Inc. (NASDAQ:CORZ) is one of the top bitcoin mining stocks to buy amid bitcoin hike. On July 14, Citizens JMP downgraded Core Scientific, Inc. (NASDAQ:CORZ) to Market Perform from Outperform without a price target.
The rating was announced after and reflects the recently announced all-stock merger, as CoreWeave announced on July 7 an agreement to acquire Core Scientific in an all-stock deal valued at $9 billion.
The analyst told investors in a research note that the upside to Core Scientific, Inc. (NASDAQ:CORZ) is now limited, as a higher bid from another company appears unlikely.
Core Scientific, Inc. (NASDAQ:CORZ) operates digital infrastructure for Bitcoin mining and high-performance computing. It operates specialized, purpose-built facilities for digital asset mining.
The company leverages its own fleet of computers, called miners, to earn Bitcoin for its own account, and also provides hosting services for Bitcoin mining and high-performance computing customers at eight US-based operational data centers.
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