Bitcoin Boom and AI Stocks: The Market’s Hilarious Rally

by

Markets

What to know:

  • Cipher Mining (CIFR) up 5% pre-market to $15.40, Iris Energy (IREN) up 5% to $53, both set for new all-time highs. 🧭
  • Bitcoin treasury stocks lag, with Metaplanet down 5% and Strategy (MSTR) up just 2% pre-market. 🤖💼

Bitcoin has kept its jaunty rise above $123,000, a figure it boasted about last Friday, finishing week 39 up 10% for its most bonny weekly performance of the year, according to CoinDesk market data. 💃📈

Crypto stocks with a dash of Artificial Intelligence (AI) and High-Performance Computing (HPC) are strutting their stuff, while the more prosaic chaps lag in the wings. 🕺

Cipher Mining (CIFR) is up 5% to $15.40, poised to break a fresh all-time high. BitDigital (BTBT) has gained 3% to $3.61, and IREN (IREN) is up 5% to $53, again at record levels. CleanSpark (CLSK) is up more than 3% to $16.46, revisiting highs last seen in November 2024. 🔔

BTC treasury companies, lacking the same AI/HPC sparkle, are performing with a more modest swagger. 🏦

Metaplanet (3350) is down 5% on Monday to 591 yen, while Strategy (MSTR) is up just 2% pre-market at $359. 📉📈

So far this year, crypto-linked stocks have marched to eclectic tunes: Iris Energy (IREN) up 382%, Cipher Mining (CIFR) 205%, Metaplanet 74%, MicroStrategy (MSTR) 17%, and Bit Digital (BTBT) 12%. 🎯

The wide gap in gains shows investors favoring some Bitcoin-exposed firms over others, a merry divergence that keeps the market butterflies fluttering. 🦋😂

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2025-10-06 13:12