Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Markets
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Bitcoin mining in 2025: IREN claims the crow
Markets
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Bitcoin mining in 2025: IREN claims the crow
Bitcoin mining in 2025: IREN claims the crown as Bitdeer's stock trails the pack
Bitcoin mining in 2025: IREN claims the crown as Bitdeer's stock trails the pack
Diversification into AI and HPC infrastructure drove sharp outperformance for miners, while pure-play bitcoin miners lagged.
By James Van Straten, AI Boost|Edited by Nikhilesh De
Dec 26, 2025, 4:00 p.m.
Miner Share Price Performance YTD (TradingView)
What to know:
- IREN emerged as the clear standout with roughly +300% year-to-date gains while Bitdeer was the sector’s biggest laggard.
- AI focused miners like IREN, Cipher and Hut 8 delivered triple digit gains, supported by GPU cloud deals, hyperscaler partnerships and long-term data center leases.
- Bitcoin pure-play miners such as Marathon, CleanSpark, Riot and Bitdeer underperformed, highlighting that BTC holdings alone were not enough to offset weaker earnings, execution issues and delayed AI strategies.
As 2025 draws to a close, bitcoin BTC$87,252.69 faced a tough year, down about 7% year-to-date, while gold, the S&P 500 and technology stocks continue to hit all-time highs.
As a result, public bitcoin mining stocks have shown stark contrasts, driven largely by diversification into artificial intelligence (AI) and high-performance computing (HPC) infrastructure. The standout performers have been companies aggressively pivoting to AI.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Sign me up
IREN (IREN) led with a massive +300% year-to-date (YTD) gain, fueled by major GPU cloud deals and Microsoft's backing.
Cipher Mining (CIFR) followed strongly at +230%, expanding AI hosting partnerships specifically with Fluidstack.
Hut 8 (HUT) also soared, up around +139%, capped by its recent AI announcement: a $7 billion, 15-year AI data center lease for 245 MW at its River Bend site in Louisiana.
In contrast, three of the four largest bitcoin holders among public miners underperformed the AI/HPC miners.
Marathon Digital (MARA), the top BTC hodler among miners with 53,250 BTC, dropped -44% YTD. CleanSpark (CLSK) (13,011 BTC) and Riot Platforms (RIOT) (19,324 BTC) saw modest gains of 16% and 32% respectively, without aggressive AI diversification until much later in the year.
Core Scientific (CORZ) stayed independent after shareholders rejected a $9 billion all-stock takeover bid from CoreWeave in October, betting on higher standalone value amid AI demand. Its shares are up just 9% year-to-date.
Bitdeer Technologies (BTDR), the biggest underperforming mining company in the sector, is down around 50%. The bulk of the losses came after its Q3 earnings announcement, when the company reported a larger-than-anticipated net loss and disclosed a delay to its ASIC chip, adding uncertainty around its AI expansion plans.
This year underscored a clear trend: miners repurposing sites for AI data centers which outperformed pure-play bitcoin operators.
Bitcoin NewsIrenAIMarathonHut 8
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
More For You
State of the Blockchain 2025
Commissioned byInput Output Group
L1 tokens broadly underperformed in 2025 despite a backdrop of regulatory and institutional wins. Explore the key trends defining ten major blockchains below.
What to know:
2025 was defined by a stark divergence: structural progress collided with stagnant price action. Institutional milestones were reached and TVL increased across most major ecosystems, yet the majority of large-cap Layer-1 tokens finished the year with negative or flat returns.
This report analyzes the structural decoupling between network usage and token performance. We examine 10 major blockchain ecosystems, exploring protocol versus application revenues, key ecosystem narratives, mechanics driving institutional adoption, and the trends to watch as we head into 2026.
View Full Report
More For You
Bitcoin sinks below $87,000 as crypto assets slide, metals soar post-Xmas
Gold, silver, platinum and copper all surged to new records as metals — not bitcoin — attracted capital on the debasement trade and geopolitical tension.
What to know:
- Major cryptocurrencies and crypto stocks slid in early U.S. trade Friday, with bitcoin slipping back below $87,000 and bitcoin miners down 5% or more across the board.
- Gold, silver and other metals surged, with geopolitical concerns adding to the debasement trade.
Read full story
Latest Crypto News
Bitcoin sinks below $87,000 as crypto assets slide, metals soar post-Xmas
Coinbase named a top three 2026 fintech pick at Clear Street
Uniswap's token burn, protocol fee proposal backed overwhelmingly by voters
Trust Wallet users lose $7 million to hacked Chrome extension
Bitcoin’s $70,000 to $80,000 zone highlights gap in historical price support
Hong Kong regulators target 2026 legislation for virtual asset dealer and custodian rules
Top Stories
Bitcoin sinks below $87,000 as crypto assets slide, metals soar post-Xmas
Coinbase named a top three 2026 fintech pick at Clear Street
Trust Wallet users lose $7 million to hacked Chrome extension
Bitcoin’s $70,000 to $80,000 zone highlights gap in historical price support
Uniswap's token burn, protocol fee proposal backed overwhelmingly by voters
Bitcoin briefly trades at $24,000 on Binance’s USD1 pair in flash move
Market Opportunity
CROWN Price(CROWN)
$0.0238
$0.0238$0.0238
USD
CROWN (CROWN) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
WazirX founder confirms that the Indian crypto exchange’s dispute with Binance has escalated to formal litigation
WazirX founder and CEO Nischal Shetty has confirmed that the Indian crypto exchange’s dispute with Binance has escalated to formal litigation. This has raised concerns
Share
Coinstats2025/12/27 05:45
GBP/USD has moved into a range-trading phase – UOB Group
The post GBP/USD has moved into a range-trading phase – UOB Group appeared on BitcoinEthereumNews.com. Pound Sterling (GBP) has moved into a range-trading phase; softening underlying tone suggests it is likely to test the lower end of the 1.3470/1.3650 range first, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. GBP/USD is likely to test the lower end of the 1.3470/1.3650 range 24-HOUR VIEW: “After GBP briefly rose to 1.3726 two days ago and then plummeted, we indicated yesterday that ‘the brief rise did not result in any increase in upward momentum.’ We were of the view that GBP ‘is likely to range-trade between 1.3600 and 1.3665.’ GBP subsequently edged up to 1.3661 and then plummeted to a low of 1.3534. While the sharp drop has scope to extend, the decline is quickly approaching oversold level, and any further downside is likely limited to a test of 1.3520. The next support at 1.3470 is unlikely to come into view. To keep the momentum, GBP must hold below 1.3600, with minor resistance at 1.3575.” 1-3 WEEKS VIEW: “Two days ago (17 Sep, spot at 1.3655), we highlighted that ‘there is room for further GBP gains toward 1.3700.’ We also highlighted that ‘the odds of an extended rise to 1.3765 are currently lower.’ After GBP rose to 1.3726 and then pulled back sharply, we highlighted yesterday (18 Sep, spot at 1.3635) that ‘there has been no further increase in upward momentum, and the odds of GBP rising to 1.3765 have diminished noticeably.’ We pointed out that ‘only a breach of 1.3575 (‘strong support’ level) would indicate that GBP has moved into a range-trading phase.’ GBP then breached 1.3575, dropping to a low of 1.3534. GBP appears to have moved into a range-trading phase, but the softening underlying tone suggests it is likely to test the lower end of the 1.3470/1.3650 range first.” Source: https://www.fxstreet.com/news/gbp-usd-has-moved-into-a-range-trading-phase-uob-group-202509191115
Share
BitcoinEthereumNews2025/09/19 23:04
Top meme coins for 2025 with a shot at becoming the next 10,000x crypto like Shiba Inu in 2021
The post Top meme coins for 2025 with a shot at becoming the next 10,000x crypto like Shiba Inu in 2021 appeared first on Coinpedia Fintech News The search for the top meme coins with a chance to deliver exponential gains in 2025 has led investors to revisit established names while exploring new contenders. Shiba Inu, which famously delivered 10,000x in 2021, continues to be the benchmark for these meme coins’ potential. Still, Layer Brett, a new project that has already raised …
Share
CoinPedia2025/09/21 21:32