Bitcoin-mining stocks closed higher Friday, with Applied Digital Corporation jumping 22.18% to top the leaderboard.

Bitcoin Miners Rally as Volatility Breeds Opportunity

Applied Digital Corporation (NASDAQ:APDN) stock closed Friday's session higher, continuing the bullish run that began mid-week. The company's shares soared by 22.18%, marking the largest single-day move among bitcoin (BTC) miner-exposed equities.

Applied Digital's stock price surge follows a volatile week in the crypto markets, which saw both bitcoin and altcoins attempt to stabilize after recent setbacks.

Applied Digital's massive 22.18% surge was fueled by a strong rally in bitcoin price, which rose above the $70,000 level during Friday's session.

The company's stock has been particularly volatile in recent months, with a mixed performance year-to-date. However, the short-term bullish momentum is evident, especially compared to other bitcoin mining stocks.

Among other bitcoin miners, Bitdeer Technologies Group (NYSE:BTDG) posted the second-largest daily gain of over 10.63%, sending its shares to close at $15.19. Hut 8 Corp (NASDAQ:HUT) wasn't far behind, with a 9.95% increase closing its stock at $17.13.

IREN Limited (NASDAQ:IREN) saw its shares rise by 8.52%, while Riot Platforms (NYSE:RIOT) advanced 5.17%.

Cleanspark (NASDAQ:CLSK), MARA Holdings (NYSE:MARA), and Galaxy Digital (NYSE:GLXY) posted more modest daily increases, ranging from 1.4% to 3.4%.

Northern Data AG (NYSE:NDATA) was nearly flat on the day, showing minimal change from the previous session.

Looking at the weekly performance, Applied Digital also led the pack with a 28.62% increase over the past five trading days.

IREN Limited saw its shares soar nearly 12% for the week, and Galaxy Digital Holdings saw an 11.29% boost this past week.

Hut 8 ended the week up 10.37%, and Core Scientific (NASDAQ:CORE) advanced more than 9%.

Meanwhile, Bitdeer, Riot Platforms, and Northern Data posted more modest weekly gains ranging from 5% to 7%.

Despite the upbeat week, not all miners have fared well in 2025.

Year-to-date (YTD), Northern Data is still down 38.42%, the steepest decline in the group.

Bitdeer is off nearly 30%, and Core Scientific has dropped 23.27%. Other laggards include Hut 8, IREN, Riot, and Applied Digital, all of which remain in negative territory for the year.

Galaxy Digital stands out as a bright spot, with shares up 29.26% in 2025, the best YTD performance of the group. Cleanspark has also gained ground this year, rising 6.18%.

The mix of strong short-term momentum and lingering year-to-date losses suggests a market still recalibrating after a volatile start to the year.