The U.S. stock market reached new record highs on Monday, driven by positive momentum in global trade negotiations and easing macroeconomic concerns. Amid this broader market rally, crypto-related equities also saw notable gains, reflecting renewed investor confidence in the digital asset sector. As Bitcoin and other major cryptocurrencies recover from recent downturns, investors are turning their attention to publicly traded companies deeply involved in blockchain and crypto operations.
Three U.S.-listed crypto stocks standing out today are Galaxy Digital (GLXY), Hut 8 (HUT), and IREN—each demonstrating strong operational progress and upward price momentum. These companies are not only expanding their infrastructure and asset management capabilities but also positioning themselves as key players in the evolving cryptocurrency ecosystem.
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Galaxy Digital (GLXY): Momentum From Fund Success
Galaxy Digital Holdings Ltd. (GLXY) is gaining traction in the market following a significant milestone achieved by its asset management division. Galaxy Asset Management recently announced the final close of its Galaxy Ventures Fund I, LP, which raised over **$175 million**—surpassing its initial $150 million target. The fund was oversubscribed, signaling strong institutional interest and trust in Galaxy’s strategic vision for blockchain and digital asset investments.
This successful capital raise reinforces Galaxy Digital’s role as a leading force in crypto finance, bridging traditional investment frameworks with next-generation blockchain opportunities. The company, founded by Mike Novogratz, has consistently positioned itself at the intersection of venture capital, trading, and asset management within the crypto space.
On Monday, GLXY shares rose 2% to $21.90**, reflecting renewed bullish sentiment. In pre-market trading today, the stock was priced at **$22.49, indicating continued momentum. If buying pressure persists when markets open, the stock could test resistance near $23.50.
However, traders should remain cautious. A failure to maintain upward momentum could lead to a pullback toward support at $21.30, especially if broader market volatility returns or profit-taking intensifies.
With its expanding portfolio of crypto ventures and deep industry connections, Galaxy Digital remains a bellwether for investor sentiment in the digital asset space.
Hut 8 (HUT): Powering Up With Vega Mine
Hut 8 Mining Corp. (HUT) is another crypto stock attracting attention, thanks to a major operational achievement. On June 30, the company announced the full energization of Vega, a state-of-the-art Bitcoin mining facility widely regarded as the largest single-building mining operation by nameplate hashrate.
This development marks a critical step in Hut 8’s strategy to scale its mining capacity using sustainable energy sources and advanced infrastructure. Located in Texas, the Vega facility leverages low-cost power and cutting-edge ASIC hardware to maximize efficiency and profitability—even during periods of market uncertainty.
The news sparked a 5.32% jump in HUT’s stock price on Monday, pushing it to $18.60**. In today’s pre-market session, shares are trading at **$18.35. Should buyers regain control post-market open, HUT could reclaim its recent high or even push higher toward $19.00.
On the downside, if selling pressure builds, support is expected around $17.24—a level that has held during previous corrections.
Hut 8’s focus on scalability, energy efficiency, and North American-based operations makes it a compelling option for investors seeking exposure to Bitcoin mining without direct crypto ownership.
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IREN: Scaling New Heights in Mining Capacity
IREN Inc. (IREN) has emerged as a top performer among crypto mining stocks after achieving a major mid-year milestone: reaching 50 exahashes per second (EH/s) of installed self-mining capacity.
This accomplishment underscores IREN’s aggressive expansion strategy and operational execution. The growth is anchored at its massive 750MW Childress site in Texas, which now supports 650MW of operating capacity—placing IREN among the most powerful and efficient Bitcoin miners globally.
By scaling its infrastructure rapidly and optimizing power usage, IREN is well-positioned to capitalize on rising network demand and potential future increases in Bitcoin’s price. Efficient miners with low operating costs tend to outperform during bull cycles, and IREN appears to be building that advantage.
In pre-market trading today, IREN shares are priced at $13.98**. If bullish momentum continues after market open, the stock could climb toward **$15.79, representing strong upside potential.
Conversely, if buying pressure fades, traders may see a retreat toward support at $13.51.
With robust infrastructure and a clear path to further scaling, IREN represents a high-growth opportunity in the competitive Bitcoin mining landscape.
Frequently Asked Questions (FAQ)
Q: Why are crypto stocks like GLXY, HUT, and IREN rising now?
A: These stocks are benefiting from improved market sentiment, progress in global trade talks, and strong company-specific developments such as fund closures and mining facility expansions.
Q: What factors influence crypto stock prices?
A: Crypto stocks are affected by both general market conditions and crypto-specific factors like Bitcoin’s price, mining profitability, regulatory news, and corporate milestones such as capacity expansion or fundraising success.
Q: How does Bitcoin mining profitability impact stocks like HUT and IREN?
A: Higher Bitcoin prices and lower energy costs increase mining revenue. Companies that operate efficiently can generate stronger cash flows, boosting investor confidence and stock performance.
Q: Is investing in crypto stocks safer than buying cryptocurrencies directly?
A: For some investors, yes. Crypto stocks offer exposure to the blockchain ecosystem through regulated U.S.-listed companies, providing more transparency and governance than direct crypto holdings—though they still carry significant risk.
Q: What should I watch for in these stocks going forward?
A: Monitor quarterly earnings, hash rate growth, energy costs, Bitcoin price trends, and broader market volatility. Operational updates from management can also trigger price movements.
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Final Thoughts
As the digital asset economy matures, U.S.-listed crypto stocks like Galaxy Digital (GLXY), Hut 8 (HUT), and IREN are playing increasingly important roles in shaping investment opportunities. These companies combine technological innovation with financial discipline, offering investors a way to participate in the crypto revolution through traditional equity markets.
While short-term price movements depend on market dynamics and investor sentiment, long-term value will be driven by execution—expanding infrastructure, managing costs, and adapting to regulatory changes.
For those monitoring the pulse of the crypto economy, these three stocks represent more than just tickers—they reflect the growing integration of blockchain technology into mainstream finance.
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