Bitcoin mining companies are out performing Bitcoin in market capitalization. As highlighted by Alphracta, the correlation between Bitcoin’s market cap and the combined of crypto mining firms has seen a significant change.
One standout example is Iris Energy ($IREN), whose market cap surged by a whopping 233%¨going from $1.2 billion to over $4 billion in market value. In the U.S., Cipher Mining (CIFR) saw its market capitalization grow by 195% since April 4th.
Bitcoin mining’s comeback in 2025 truly is something to watch out for. While mining firms have seen an outstanding market value rise, there is far more computing power being thrown into the network as of late. The Bitcoin network hashrate recently reached an all-time high of 1.22 zettahashes per second (ZH/s) as of June 30, 2025.
What this could mean is that the market is pricing in Bitcoin mining as a leading indicator of future Bitcoin price action, rather than just a side effect of it. This suggests that investors could be betting on potential $BTC yields to move, potentially entering early before a large market move.
This suggests that markets are pricing in Bitcoin mining as a leading indicator of future Bitcoin movements. After all, betting on potential $BTC yields to move would theoretically allow said investors to “get in early” before a rally.
Also, the growing institutional adoption of Bitcoin, led by MicroStrategy and other major firms, is reinforcing this trend. MicroStrategy’s just released its Q2 earnings, reporting massive yields on its Bitcoin holdings.
Despite the 2024 halving cutting block rewards in half, Bitcoin mining is far from being done, as reflected by the recent performance of mining-specialized firms.
Between the volatility and the volume spikes, now’s a great time to enter the WOW2025 Grand Prix – a mind-blowing $4.2 million — plus a Tesla Cybertruck rewards await.
