According to Alphractal, crypto mining stocks are surging faster than Bitcoin prices. While Bitcoin prices traded sideways near $108K, mining stocks have risen significantly.
A standout performer? Iris Energy [IREN], which saw its market cap explode from $1.2 billion to over $4 billion in recent weeks.
Per Google Finance, IREN closed at $16.95 on the 7th of July, up 72.61% year-to-date, and even hit $17.08 in after-hours.
Additionally, Bitdeer Technologies’ stock surged 53% to $13.30, while its market cap has increased 131% to $1.6 billion.
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