The American Bitcoin Corp. (ABTC) has experienced a remarkable 14% increase in its stock price, igniting a surge among various U.S.-based mining companies. This upswing aligns with a broader positive trend in the cryptocurrency market, where Bitcoin has gained over 2% in the last 24 hours, crossing the $93,000 threshold.
This surge can be attributed to a combination of factors, including investor repositioning at the start of the year and geopolitical influences affecting global markets. Historically, stocks of mining companies tend to amplify the price movements of Bitcoin, both in bullish and bearish phases.
Supported by prominent figures such as Eric Trump and Donald Trump Jr., the recent recovery of American Bitcoin is particularly significant following a turbulent end to 2025. The company had previously faced historical lows after the post-merger lock-up period, yet it has continued to grow its Bitcoin treasury, now surpassing 5,000 BTC, positioning it among the top 20 corporate holders of the cryptocurrency.
Other notable mining firms have also benefited from this market movement. Canaan saw its shares rise by over 9%, buoyed by improved gross profitability and increased sales of hardware. The demand for next-generation mining platforms and the expansion of operations in North America have contributed to their success.
Bitfarms recorded an increase of more than 8% after strategically redirecting its assets from Latin America to the U.S., focusing on energy resources to support artificial intelligence workloads and high-performance computing, thereby diversifying beyond traditional bitcoin mining.
Among mid-cap miners, HIVE Digital Technologies enjoyed a rise exceeding 7%, while Hut 8 climbed approximately 6%. Both companies have dedicated significant resources to reorganizing their fleets and energy infrastructure, catering to data center projects aimed at supporting AI initiatives. Additionally, Hut 8″s long-term colocation contracts have bolstered its cash flow predictability.
Other major players in the mining sector, such as Cipher Mining, CleanSpark, MARA Holdings, IREN, and Bitdeer Technologies, also witnessed gains ranging from 5% to 6%, reflecting an improved market sentiment regarding Bitcoin and its directly correlated mining enterprises.
