Crypto stocks in the US are back in the spotlight today, with Marathon Digital Holdings (MARA), Riot Platforms (RIOT), and CleanSpark (CLSK) noting good gains.
This surge follows the release of their May 2025 production and operations updates, highlighting significant increases in Bitcoin production.
Mara Holdings (MARA)
Bitcoin miner MARA Holdings, formerly Marathon Digital, hit a new monthly milestone in May with the production of 950 BTC, up 35% from April.
The company reported on June 3 that it won 282 blocks during the month, a 38% increase over April, while expanding its energized hashrate to 58.3 EH/s.
MARA opens trading at $15.21, marking a 7% gain over the previous day. Its rising Balance of Power (BoP) highlights the growing demand for the stock. At press time, this stands at 0.92.
The indicator measures the strength of buyers versus sellers in a market by comparing price movements within a trading period. When a stock’s BoP climbs, it signals growing buying pressure.
As MARA bulls consolidate their control, they could push the stock’s price to $15.50.
However, if selloffs start, the stock’s price could fall to $14.80.
Riot Platforms (RIOT)
Riot Platforms saw notable growth in May, with its operations updates reporting a strong month for its Bitcoin mining and data center operations.
The company mined 514 BTC, marking an 11% increase from April, and remains focused on maintaining operational excellence through the summer, especially in key locations like Texas and Kentucky.
RIOT opened Wednesday’s session at $8.93, up 6% on the day, with a surge in trading volume, a sign that strong investor interest is supporting the price jump.
If buying momentum persists, the stock may attempt a breakout above the $9.40 resistance level.
However, renewed selling pressure could erase new gains and push RIOT back toward the $8.19 price zone.
CleanSpark (CLSK)
CleanSpark also delivered a strong performance in May, increasing its month-end hashrate to 45.6 EH/s — a 7.5% month-over-month gain.
The company now holds over 12,500 BTC in its treasury, all mined without issuing new equity since November 2024.
CLSK exchanges hands at $9.15, up 7% today. The positive values of its Elder-Ray Index reflect the buying pressure as trading opens on Wednesday. As of this writing, this indicator is at 0.11.
The Elder-Ray Index measures the strength of bulls and bears in the market by comparing an asset’s price to its exponential moving average (EMA). When the index is positive, buyers are stronger than sellers, suggesting upward momentum in the asset’s price.
If this trend holds, CLSK could surge to $9.29.
Conversely, if traders sell the stock for profit, it could shed recent gains and fall to $8.75.
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