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Publicly-listed bitcoin miners took a beating connected Friday, May 15, 2026, with each large traded mining banal dropping betwixt 2.52% and 9.59% successful a azygous session, adjacent arsenic their year-to-date gains outpaced bitcoin’s ain show by a wide margin.
Key Takeaways
- All 10 bitcoin mining stocks tracked fell connected May 15, 2026, with Bitdeer dropping the astir astatine 9.59%.
- Every miner connected the database outperformed bitcoin’s antagonistic 11.1% YTD return, led by Hut 8 astatine 123.16%.
- IREN Limited’s 12.37% five-day descent signals short-term unit adjacent arsenic assemblage YTD gains clasp firm.
Bitcoin Miner Stocks Suffer connected Friday, But Still Hold Solid 2026 Gains
Bitcoin closed the week astatine $77,849, down 11.1% year-to-date. Yet each of the apical 10 miners contiguous beryllium good supra that figure, and the reasons wherefore spell beyond BTC price action. Hut 8 Corp. leads the YTD radical (out of the apical 10 publicly-traded mining stocks by market cap) with a 123.16% gain, trading astatine $102.52 per stock contempt sliding 6.26% connected Friday.
Bitcoinminingstock.io information shows the company’s market cap stands astatine $11.54 billion. Hut 8 has been gathering retired artificial quality (AI) infrastructure nether a $7 billion, 15-year lease astatine its River Bend site, offering GPU-as-a-Service and high-performance compute capableness to endeavor clients.
Terawulf, Inc. follows with a 95.56% YTD summation aft dropping 7.03% connected the day. Its market cap is $9.17 billion. Terawulf has contracted astir $12.8 cardinal successful HPC revenue, with deals tied to Google and Fluidstack-backed partners covering much than 200 megawatts of capacity. Applied Digital Corporation posted a 72.38% YTD instrumentality but shed 9.50% connected Friday, the second-largest single-day nonaccomplishment successful the apical 10 standings.
Riot Platforms, Inc. fell 3.96% connected Friday, the third-smallest decline. Its 86.62% YTD summation and $8.94 cardinal market cap bespeak a institution that has been selectively offloading bitcoin accumulation portion managing its modulation to broader compute services. Core Scientific, Inc. dropped conscionable 2.52% connected Friday, the smallest single-day diminution successful the apical 10 cohort.
The institution carries a $7.72 cardinal market cap and a 66.82% YTD gain. Core Scientific has moved aggressively into AI colocation, anchored by a multi-year declaration with Coreweave present valued astatine astir $10.2 cardinal implicit 12 years. AI gross already accounts for astir 39% of its full gross mix. MARA Holdings, Inc. posted a 6.39% single-day loss, bringing its terms to $12.44. Its 38.53% YTD instrumentality inactive exceeds bitcoin’s performance.
MARA sold much than 20,800 BTC successful the archetypal 4th of 2026 alone, utilizing proceeds to discontinue indebtedness and money infrastructure expansion. The institution was among the largest contributors to a record-breaking 4th successful which publically listed miners sold much than 32,000 BTC combined, surpassing some their full-year 2025 full and the erstwhile single-quarter grounds acceptable during the 2022 Terra-Luna collapse.
Cleanspark, Inc. fell 5% Friday, trading astatine $13.28 per share. Its 31.22% YTD instrumentality edges supra bitcoin’s antagonistic reading. Cleanspark sold portions of its April production, including astir 748 BTC crossed spot income and options, portion holding the bulk of output. Bitdeer Technologies Group recorded the largest single-day diminution successful the group, dropping 9.59% to $13.34 a share.
Bitdeer disclosed this week that it held zero bitcoin arsenic of May 15, excluding lawsuit deposits, having mined and sold each 198.3 BTC produced during the period. Its 18.95% YTD summation is the lowest connected the list, though it inactive exceeds bitcoin’s year-to-date return. IREN Limited, ranked archetypal by market cap astatine $19.14 billion, dropped 8.17% Friday and is down 12.37% implicit the past 5 days, the steepest five-day diminution retired of the apical ten.
IREN has committed to a $9.7 billion, five-year woody with Microsoft covering much than 200 megawatts powered by Nvidia GPUs, with a broader pipeline targeting up to 5 gigawatts successful concern with Nvidia. Cipher Digital Inc. slipped 7.82% connected Friday, closing astatine $20.55 with an $8.4 cardinal market cap and a 39.19% YTD gain. Cipher has contracted hundreds of megawatts done multi-billion agreements, including deals backed by Google and Fluidstack.
The broader discourse down these YTD gains is simply a accelerated and deliberate pivot distant from axenic bitcoin mining. The 2024 halving chopped artifact rewards to 3.125 BTC portion web trouble continued climbing, pushing an estimated 20% of the manufacture into operating losses astatine assorted points successful aboriginal 2026. Miners with powerfulness infrastructure successful spot moved rapidly to person megawatts from bitcoin accumulation to AI and high-performance computing (HPC) workloads, which connection longer declaration presumption and much unchangeable gross per megawatt.
AI and HPC gross volition apt relationship for up to 70% of full gross crossed listed miners by the extremity of 2026. Cumulative AI and HPC contracts crossed the assemblage present transcend $70 billion. Friday’s league connected Wall Street was a azygous pullback crossed the apical 10 publically listed miners. The year-to-date numbers bespeak thing much durable.
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