3 Bitcoin Mining Stocks to Watch During 2nd Week of November
The article discusses the financial performance and stock trends of three major Bitcoin mining companies: Riot Platforms, Inc. (RIOT), MARA Holdings, Inc. (MARA), and Hut 8 Corp (HUT). RIOT reported strong revenue growth of 114.2% year-over-year, achieving $180.2 million, but its stock dropped 17% this month as bearish momentum persists, with potential further downside to $15.43. MARA saw a 92% year-over-year revenue increase and a significant growth in Bitcoin holdings, but its stock declined 32%, with concerns of further potential drops unless it breaks above $17.70. Hut 8 Corp recorded 91% revenue growth and reduced quarterly losses, leading to a 14% stock surge, with aims to breach $50.06, albeit with risks of falling back to $41.33. Overall, the article highlights the mixed market reactions to earnings reports and technical patterns of these companies.
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Overview of Crypto Miners and Market Impact
The crypto miners are a significant part of how the asset’s price reacts, making mining companies a crucial component of the ecosystem. Recently, some of these mining companies released their earnings reports, and the market price responded accordingly. BeInCrypto analyzed three top BTC mining stocks with potential for further movements: Riot Platforms, Inc. (RIOT), MARA Holdings, Inc. (MARA), and Hut 8 Corp. (HUT).
Riot Platforms, Inc. (RIOT)
RIOT, one of the largest Bitcoin mining companies, has seen its stock drop 17% this month, currently trading at $17.12. The company reported third-quarter 2025 revenues of $180.2 million, marking a 114.2% growth from the previous year. Additionally, it achieved a net income of $104.5 million (or $0.26 per diluted share) and an adjusted EBITDA of $197.2 million.
With a market capitalization of $6.44 billion, RIOT ranks among the top five Bitcoin miners worldwide. If bullish sentiment returns, the stock could rise above $18 and aim for $20.70, reflecting renewed investor confidence in RIOT’s mining operations and profitability. However, the Squeeze Momentum indicator currently shows a bearish formation, which may lead to further downside toward $15.43 if bearish pressure persists.
MARA Holdings, Inc. (MARA)
As the sixth-largest Bitcoin mining company, MARA has a market capitalization of $5.89 billion. Its recent earnings report showcased a 92% year-over-year revenue increase, alongside a 98% increase in BTC holdings to 52,850 BTC, up from 26,747 BTC in Q3 2024. Despite these strong financials, MARA stock has dropped 32% recently, with potential to fall further to $15.40, $14.63, or even $13.85 if bearish sentiment continues.
However, the Golden Cross pattern on MARA’s chart—a bullish technical signal where the 50-day moving average crosses above the 200-day moving average—suggests potential recovery. A rebound could push the stock above $17.70, with further potential toward $19.64, which would invalidate bearish scenarios.
Hut 8 Corp. (HUT)
Hut 8 Corp is exhibiting a double top pattern, traditionally considered a bearish indicator. Despite technical warnings, the company’s latest earnings call injected optimism into the market. Hut 8 reported a 91% year-over-year revenue increase to $83.5 million, alongside a narrower third-quarter loss of seven cents per share compared to 26 cents a year ago.
This progress drove HUT’s price up 14%, surging from $41.33 to $47.18 between Friday and Monday’s pre-market session. Bulls are now targeting $50.06 and $55.41, but risks remain; substantial selling pressure could drag the price back down to $41.33, invalidating the bullish outlook.
Conclusion: Key BTC Mining Stocks to Watch
The three highlighted Bitcoin mining stocks, RIOT, MARA, and HUT, reflect both opportunities and risks in the market. While recent earnings reports have showcased strong financial performances for these companies, technical charts reveal mixed sentiments that could drive significant price movements. As the second week of November unfolds, investors should monitor these stocks closely to navigate potential bullish recoveries or bearish downturns.