Bitcoin miners are missing the crypto rally as exchanges, stablecoins surge
60-second summary
Bitcoin miners lag the crypto rally while exchanges and stablecoins surge, with only Canaan (CAN) outperforming Bitcoin among tracked firms. The mining sector sees declining hash‑rate profitability as Bitcoin stalls near $27,000, whereas exchange volumes rise 30% and stablecoin supplies jump 15%, indicating capital shifting toward liquidity providers and away from mining, pressuring miner valuations.
Among tracked companies, only one bitcoin mining company has outperformed the cryptocurrency: Canaan (ticker CAN).