Bitcoin mining companies' market capitalization approaches 50 billion dollars

[Bitcoin mining companies' market capitalization approaches 50 billion dollars] In the past week, publicly traded Bitcoin mining companies performed strongly, with several companies' stock prices rising significantly, and some companies hitting new 52-week highs on Monday. Bitfarms (NASDAQ: BITF) led the way, with its stock price rising 17% to $2.61, reaching a market capitalization of $1.47 billion. HIVE (NASDAQ: HIVE) followed closely behind, with a gain of 11.8%, closing at $4.26. As Bitcoin mining stocks regain momentum in the broader cryptocurrency sector, these two stocks have nearly doubled from their lows earlier this year. IREN (NASDAQ: IREN) rose 2.1%, reaching $34.66, with a market capitalization of $9.4 billion, the highest among its peers. Cipher Mining (NASDAQ: CIFR) and Hut 8 (NASDAQ: HUT) also rose about 2%, setting new 52-week highs. This rebound occurs against the backdrop of an overall recovery in mining stocks. The total market capitalization of 15 major mining companies has doubled from a low of $21 billion earlier this year to $47 billion last Friday. Over the past month, the performance of most mining companies has outpaced that of Bitcoin itself, solidifying the sector's position as one of the main beneficiaries of renewed investor interest in digital asset infrastructure.