The crypto miners are a huge part of how the asset’s price reacts, making mining companies a crucial piece of the picture. Some of these mining companies recently released their earnings report, and the price reacted accordingly.
BeInCrypto has analysed three such top BTC mining stocks that could seemingly be preparing for a rise or decline on the charts further.
Riot Platforms, Inc. (RIOT)
RIOT price has dropped 17% since the start of the month, currently trading at $17.12. Riot Platforms reported third-quarter 2025 results showing $180.2 million in revenue, up 114.2% from approximately $84.8 million a year earlier. The Bitcoin mining company also achieved a net income of $104.5 million (or $0.26 per diluted share), beating expectations, and reported an adjusted EBITDA of $197.2 million.
With a market capitalization of $6.44 billion, Riot Platforms ranks among the top five Bitcoin miners worldwide. If bullish sentiment returns to the crypto sector, RIOT could climb above $18 and aim for $20.70, signaling recovery and renewed investor confidence in the company’s mining operations and future profitability.
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RIOT Price Analysis. Source: TradingView
However, the Squeeze Momentum indicator is currently showing a bearish formation. This pattern suggests that downward pressure could persist in the short term. If the squeeze releases negatively, RIOT price may drop toward $15.43, extending recent losses and testing investor resilience amid broader market uncertainty.
MARA Holdings, Inc. (MARA)
MARA Holdings (MARA) is the sixth-largest Bitcoin mining company, with a market capitalization of $5.89 billion. The firm’s latest earnings report reflected strong growth, as net revenue surged 92% year-over-year. However, the company’s stock performance has yet to mirror this strength, showing signs of continued bearish pressure.
MARA’s Bitcoin holdings also rose 98% year-over-year to 52,850 BTC, up from 26,747 in Q3 2024. Despite this milestone, investor reaction has been muted. MARA’s stock has dropped 32% recently, with potential further downside toward $15.40, $14.63, or even $13.85 if bearish market sentiment persists.
MARA Price Analysis. Source: TradingView
However, MARA’s chart still displays a Golden Cross — a bullish technical pattern where the 50-day moving average crosses above the 200-day moving average. This formation suggests a possible rebound, with the stock eyeing a break above $17.70 and potentially rallying toward $19.64, invalidating the bearish scenario.
Hut 8 Corp. (HUT)
Hut 8 Corp is forming a double top pattern, traditionally seen as a bearish signal in technical analysis. However, the company’s recent earnings call appears to have shifted market sentiment. Investors are now watching closely to see if the bullish momentum can sustain despite earlier technical warnings.
Hut 8 Corp reported a 91% year-over-year revenue increase to $83.5 million. The company posted a narrower third-quarter loss of seven cents per share compared to 26 cents a year ago. This improvement in financial performance helped HUT’s price defy the double top pattern and inspire investor optimism.
HUT Price Analysis. Source: TradingView
Instead of falling below $41.33, HUT price surged 14% between Friday and Monday’s pre-market session, reaching $47.18. The stock is now aiming to breach $50.06 and rise to $55.41. However, excessive selling could push HUT back toward $41.33, invalidating the bullish outlook.
