Crypto concept stocks this week's highlights: CLSK, MARA, HUT's earnings report shines, collective pre-market volatility! Can Bitcoin mining companies continue the rise of Crypto Assets?

The crypto assets market continues its rise, attracting investor attention to related crypto stocks. CleanSpark(CLSK), despite falling 6% on Friday, reported a record quarterly earnings (revenue nearly $200 million, Bitcoin reserves over $1 billion), rebounding to $10.43 in pre-market; MARA Holdings saw its Bitcoin holdings exceed 50,000 in July, becoming the second largest publicly traded Bitcoin holder globally, and surged 5.4% to $16.21 in pre-market; Hut 8(HUT) reported a net profit of $137.5 million in Q2, energy reserves exceeding 10 gigawatts, and Bitcoin asset value of $1.1 billion, rising 4.4% to $20.30 in pre-market. All three stocks show upward momentum technically, but caution is needed regarding pullback risks from market fluctuations.

[Crypto Assets market rises broadly, related stocks attract attention] The cryptocurrency market is expected to continue last week's rise this week, as investor confidence improves and numerous digital assets regain momentum. Against this backdrop, some stocks deeply tied to the crypto industry (crypto concept stocks/blockchain stocks) are attracting increasing attention from traders and investors, becoming an alternative choice for positioning in the industry's upward cycle.

【CleanSpark(CLSK): Record Earnings Support Rebound】

(Source: TradingView) CleanSpark (CLSK) is one of the Crypto Assets stocks to follow this week. Despite the company's strong quarterly performance reported on August 7 for the period ending June 30, 2025, its stock price still fell 6% last Friday, closing at $10.07.

• Key Highlights: The company reported its most successful quarter ever, with an operational hash rate of 50 EH/s (exahashes per second) in June, becoming the first publicly traded company to achieve this solely relying on U.S. infrastructure. The revenue for the quarter was nearly $200 million. Furthermore, since November 2024, without any equity financing, its Bitcoin reserves have exceeded $1 billion in value.
• Latest Update: Despite the pullback on Friday, CLSK's performance has stabilized this week, the rise has accelerated in today's pre-market trading, currently reported at $10.43.
• Technical Outlook: If buying continues, the stock price may test the resistance level of $10.93; conversely, if selling pressure intensifies, it might drop to the support level of $10.09.

[MARA Holdings(MARA): The coin-holding giant is poised for action]

(Source: TradingView) The Bitcoin production and mining update report for July 2025 released by MARA Holdings has made it the focus of traders this week.

• Core Highlights: Despite the recovery of global hash power and a 9% increase in mining difficulty leading to a 2% reduction in the average monthly block production, MARA's total Bitcoin holdings surpassed 50,000 coins in July, becoming the second largest publicly traded Bitcoin holding company in the world. The company's hash power grew by 3% month-on-month, and it plans to utilize its Texas wind farm's mining facilities in the second half of the year.
• Latest Update: Last Friday during trading hours, MARA fell by 3.39% to $15.38, but market sentiment has clearly warmed up. In today's pre-market trading, the stock price has significantly rebounded to $16.21, with a rise of 5.4%.
• Technical Outlook: If buying momentum continues throughout this week, prices are expected to challenge the target level of $16.84; on the downside, there may be a pullback to test the support area of $15.50.

[Hut 8(HUT): Energy giant profits strong]

(Source: TradingView) Hut 8 (HUT) announced outstanding Q2 2025 results on August 7, and its stock became another focus this week.

• Key Highlights: During the reporting period, the company achieved revenue of $41.3 million, with net profit reaching $137.5 million, and adjusted EBITDA of $221.2 million. As of June 30, 2025, HUT manages 1020 MW (MW) of energy capacity, with approximately 10,800 MW of reserve projects (of which 3,100 MW are secured by exclusive agreements). The company's strategic Bitcoin reserve totals 10,667 coins, valued at approximately $1.1 billion.
• Latest update: Last Friday, the stock closed at $19.45, down 2.85%. However, in today's pre-market trading, it has rebounded to $20.30, up 4.4%.
• Technical Outlook: If buying continues, the price may attempt to challenge $21.93; if it breaks below the $19.66 key level, it could indicate further weakness.

Conclusion: This week, crypto concept stocks strengthened collectively driven by impressive financial reports and optimistic industry sentiment, with the three giants CLSK, MARA, and HUT showing significant pre-market movements. CleanSpark's record revenue and Bitcoin reserves, MARA becoming the second-largest publicly traded company by Bitcoin holdings globally, and Hut 8's enormous profits and vast energy reserves together form the fundamental support for the sector's rise. The technical analysis shows that all three stocks have upward potential (CLSK looking at $10.93, MARA at $16.84, HUT at $21.93), but investors need to be cautious of the high volatility in the crypto market that may spill over to related stocks, watching out for critical technical support levels (CLSK $10.09, MARA $15.50, HUT $19.66) which, if breached, could lead to pullback risks. As the industry barometer, the subsequent performance of crypto mining stocks will closely correlate with Bitcoin price trends and overall market risk appetite.