MIGI, BTDR, BMNR Stocks Climb Pre-Market Amid Crypto Rally – Bitcoin Nears $70K

• Bitcoin traded near the $69,000 level on Monday, rising over 3% in the past 24 hours.
• Among the Bitcoin-mining stocks, Mawson Infrastructure Group dipped in pre-market trade.
• Hashprice volatility has recently spiked and then cooled, while data show that a majority of recent difficulty adjustments have been negative.

Bitcoin (BTC) mining stocks edged higher in pre-market trading on Monday as Bitcoin hovered near the $69,000 mark and  underlying industry metrics continued to show persistent pressure on miner profitability.

Mawson Infrastructure Group Inc. (MIGI) had closed 11.61% lower on Friday. MIGI’s stock was down by 0.3% in pre-market hours. The company, which used to operate as a “digital infrastructure provider,” moved into Bitcoin mining in 2021. 

On Stocktwits, the retail sentiment around MIGI moved to ‘bearish’ territory from the ‘extremely bearish’ zone, while chatter around it dropped from ‘high’ to ‘normal’ levels over the past day. 

MARA Holdings Inc (MARA) reportedly underwent a significant change on Friday,cutting 15% of its workforce to transition from Bitcoin mining towards artificial intelligence, ending the day over 8% higher. On Monday, MARA’s stock traded up by over 3% in pre-market hours. On Stocktwits, the retail sentiment around the company remained in the ‘neutral’ zone, while chatter around it stayed at ‘low’ levels over the past day.

Bitdeer Technologies Group’s stock (BTDR) was up by over 3% during pre-market hours. BTDR’s stock had edged 0.05% higher on Friday, closing at $9.35. On Stocktwits, the retail sentiment around BTDR remained in the ‘neutral’ zone, while chatter around it remained at ‘normal’ levels over the past day.

Bitmine Immersion Technologies, Inc (BMNR) was up by over 3% during pre-market hours. BMNR’s stock closed in the red, down over 1%,  on Friday. On Stocktwits, the retail sentiment around BMNR remained in ‘bearish’ territory, while chatter around it remained at ‘low’ levels over the past day. 

Riot Platforms, Inc’s stock (RIOT) was up by over 2% during pre-market hours. RIOT’s stock had closed in green up over 2%, at $12, on Friday. The company reported on Friday that it had produced 1,473 Bitcoin in the first quarter of 2026. On Stocktwits, the retail sentiment around RIOT improved to ‘bullish’ from ‘neutral’zone, while chatter around it dipped to ‘low’ from ‘normal’ levels over the past day. 
 

Hashprice Volatility Has Recently Spiked, Then Cooled

The basics of Bitcoin mining remain challenging for the industry. The hash price, a key measure of miner revenue, remains near an all-time low of about $30 per petahash per day. Transaction fees don't add much to earnings. 

According to Colin Harpe, citing Hashrate Index, eight of the last thirteen Bitcoin difficulty adjustments have been negative. This shows that miners are still struggling to generate revenue, even though recent adjustments have been positive and the network hash rate briefly exceeded 1,000 exahashes. However, even when conditions improve briefly, they don’t persist, reinforcing a structurally fragile mining environment.

Bitcoin's price was trading at $69,756, up 4% over the past 24 hours. On Stocktwits, the retail sentiment around BTC moved from ‘bearish’ to ‘neutral’ zone, while chatter levels around it remained ‘low’ over the past day. 

Read also: Peter Schiff Says MSTR's Gains Are Built On Speculation, Not Bitcoin, As Demand Hits Record Low

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