Bitcoin mining stocks, particularly those with an AI pivot in place experienced resiliency in the first hour of trading on Monday, October 13. Friday’s afternoon session saw massive market volatility as stocks and crypto sold off after President Trump stated that he would impose large tariffs on China.
Get these headlines directly to your inbox: subscribe to Blockspace.
Despite the scare, mining stocks managed to finish the week up significantly from the opening bell at the start of the week. Hive Digital (HIVE) and Bitfarms (BITF) returned 40% and 31%, respectively, over the course of last week. IREN (IREN), Cipher (CIFR), and TeraWulf (WULF) each rose between 9% and 11% last week.
Monday’s early morning trading was no different. Bitcoin miners with a clear AI pivot rebounded after the intraday volatility going into Friday’s close.
At time of writing (around 10:30 AM EST):
- BITF is up 16% from Friday’s close.
- IREN is up 7% from Friday’s close.
- HUT is up 7.7% from Friday’s close.
- CIFR is up 10.8% from Friday’s close.
Read More: Bitcoin mining stocks see weekly gains despite Trump tariff scare
