Crypto Miners Rally in Pre-Market Trading Amid Tesla's Surge

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Markets are seeing sharp moves this morning with crypto mining stocks continuing their rally and Tesla jumping on Elon Musk’s latest share purchase.

Bitfarms (BITF) is up 15% pre-market to $2.55, extending its weekly rally of 75%. AI-focused mining stocks continue their strong performance as well, with IREN (IREN) rising 3% pre-market and up over 230% year-to-date. Hive Blockchain (HIVE) gained 5% pre-market, adding to its 40% rise over the past month.

KindlyMD (NAKA), a bitcoin treasury company holding 5,765 BTC, is down 50% pre-market and off 96% from its all-time high.

Tesla (TSLA) is trading at $420 pre-market, up 6% from Friday’s close after a 7% surge last week. An SEC filing revealed Elon Musk purchased nearly 2.6 million shares.

While, CapitalB (ALCPB) acquired 48 BTC, bringing its total holdings to 2,249 BTC, up 15% in European markets.