Cryptocurrency concept stocks rise broadly; IREN Ltd and Bakkt Holdings up nearly 10%, CleanSpark, Hut 8, Riot Platforms, and Cipher Mining up over 3%, Coinbase and MicroStrategy up over 2%.

Cryptocurrency concept stocks rise broadly; IREN Ltd and Bakkt Holdings up nearly 10%, CleanSpark, Hut 8, Riot Platforms, and Cipher Mining up over 3%, Coinbase and MicroStrategy up over 2%.

Cryptocurrency concept stocks experienced a significant uptick on September 12, 2025, with notable gains across the sector. IREN Ltd and Bakkt Holdings saw nearly 10% increases, while CleanSpark, Hut 8, Riot Platforms, and Cipher Mining posted gains of over 3%. Coinbase and MicroStrategy also recorded notable increases, with both stocks rising by more than 2%.

The market volatility impacting XRP (XRPUSD) has been a contributing factor to the broader cryptocurrency market's recent movements. XRP has dropped approximately 7% this week, trading at $2.76, with Bollinger Bands indicating potential upward movement if it stays above the midline . The Japanese government's plan to classify XRP and other digital assets under the Financial Instruments and Exchange Act is expected to boost regulatory clarity and strengthen investor protection .

Terawulf, a company involved in cryptocurrency mining, has sought a substantial amount of debt—$3 billion—to expand its Bitcoin mining data centers. This aggressive strategy underscores the company's intent to increase its presence in the cryptocurrency mining sector . The move comes amid heightened attention to security and innovation within the crypto ecosystem, with recent commentary highlighting potential vulnerabilities and the surge in Bitcoin price predictions.

Renewable energy resources are playing a crucial role in powering AI data centers, as highlighted by IREN (IREN) Co-Founder and Co-CEO Daniel Roberts. His company is capitalizing on Big Tech's energy demands for AI data centers, with renewable energy resources being a key factor in his grid facilities .