By Frank Martin (MoneyAmped.com)
Several US crypto mining firms noted gains in their recently released May 2025 production reports. Now, investors are hoping that the stocks of these firms will mirror last month’s production performance. This article highlights three stocks you need to keep an eye on in June.
Mara Holdings (MARA)
Formerly known as Marathon Digital, Bitcoin mining company MARA Holdings announced this week that its BTC production in May had increased by 35% from the previous month. The firm’s production report showed that 950 Bitcoins were mined last month after the miner won over 280 blocks.
The increased BTC production is attributed to MARA Holdings’ move to expand its hashrate to 58.2 EH/s.
So, how has the MARA stock performed since the release of the production report? Data from NASDAQ shows the asset is up 9.91% in the past five days and now trades at $15.67. It is important to note that the Balance of Power indicator on MARA is rising, suggesting an increasing demand, which could help the stock’s price rally to $16.
Conversely, if the indicator starts falling, it would mean that the sellers are booking profits. As such, MARA could see its price plunge to $14.82.
Riot Platforms (RIOT)
In its May production report, Bitcoin miner Riot Platforms said it had mined 513 BTC that month, marking an increase of 11% from April. The firm’s major mining facilities in Kentucky and Texas were the key contributors to that success.
The report has enabled the RIOT stock to add 12% to its value in the last five days. The asset is currently changing hands for $9.50. If buying pressure persists, RIOT could rise to $10. Conversely, intense selling could force a drop to $8.20.
CleanSpark (CLSK)
Bitcoin miner CleanSpark saw its production surge by 7.5% in May. That performance helped the firm expand its BTC treasury to 12,517 coins.
Since the release of the report earlier this week, CleanSpark’s stock CLSK has rallied 12% to $9.53. And with the Elder-Ray Index showing increased buying pressure, there is a good chance that the asset could reach $10. However, if the sellers become dominant, a move to $8.80 could happen.
