Crypto names IREN, Hut 8 among gainers: Accelerant tanks in week's financial movers

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Dragon Claws

Among the week's biggest stock moves for financial names, crypto names appeared among both the biggest gainers and the largest decliners in the week ended Aug. 29, 2025.

IREN Limited (NASDAQ:IREN [https://seekingalpha.com/symbol/IREN]) topped the list as the bitcoin miner and data center operator soared 24% after its fiscal Q4 adjusted EBITDA topped [https://seekingalpha.com/news/4490224-iren-stock-climbs-after-q4-adjusted-ebitda-tops-consensus]consensus, and it said it's approaching $1.25B total annualized revenue.

SPAC Cohen Circle Acquisition I (CCIR), which acquired Ukrainian telecom [https://seekingalpha.com/pr/20201833-ahead-of-its-historic-listing-on-nasdaq-kyivstar-group-completes-business-combination-with] company Kyivstar Group earlier in the month, climbed 22%.

Cipher Mining (NASDAQ:CIFR [https://seekingalpha.com/symbol/CIFR]), another bitcoin miner and data center company, jumped 20%.

Hut 8 (NASDAQ:HUT [https://seekingalpha.com/symbol/HUT]), also a bitcoin miner and operator of infrastructure, saw its stock bounce up 14% during the week. It announced plans for four new sites [https://seekingalpha.com/news/4489100-hut-8-plans-4-new-sites-with-over-15gw-total-capacity], and a deal it's participating in with a company backed by Eric Trump and Donald Trump, Jr., progressed closer to completion [https://seekingalpha.com/news/4489877-trump-sons-american-bitcoin-locks-in-investors-for-nasdaq-bound-all-stock-merger-report].

Miami International Holdings (MIAX [https://seekingalpha.com/symbol/MIAX]), which operates markets for options, futures, and cash equities, rose 12% during the week, about two weeks after the company's IPO.

The week's decliners were led down by Accelerant Holdings (NYSE:ARX [https://seekingalpha.com/symbol/ARX]), a risk exchange that connects underwriters of specialty insurance risk with risk capital providers, sank 33% after its Q2 revenue [https://seekingalpha.com/news/4489997-accelerant-gives-mixed-q2-results]missed the consensus estimate. The company debuted in the public markets in July.

Bitmine Immersion Technologies (BMNR [https://seekingalpha.com/symbol/BMNR]), a blockchain technology company that invests in ethereum (ETH-USD [https://seekingalpha.com/symbol/ETH-USD]), slid 19% after the company boosted its ether holdings by 33% [https://seekingalpha.com/news/4488981-bitmine-immersion-raises-ether-holdings-by-33-in-past-week] in a week. In the last five days, the price of ether fell 9.3%. Also during the week, Cathie Wood's Ark Invest bought another $15.6M shares [https://seekingalpha.com/news/4489870-cathie-woods-ark-invest-buys-another-156m-shares-of-bitmine]of Bitmine.

The next three decliners are Argentinean banks, which often move based on currency exchange moves. Grupo Financiero Galicia (GGAL [https://seekingalpha.com/symbol/GGAL]) fell 13% in the same week it reported Q2 earnings. [https://seekingalpha.com/article/4817246-grupo-financiero-galicia-s-a-ggal-q2-2025-earnings-conference-call-transcript]

Banco Macro, also based in Argentina, slipped 12% after it reported Q2 results. [https://seekingalpha.com/news/4489827-banco-macro-reports-q2-results]

Banco BBVA Argentina (BBAR [https://seekingalpha.com/symbol/BBAR]) dropped 11%. It reported Q2 earnings [https://seekingalpha.com/news/4487703-banco-bbva-argentina-reports-q2-results] in the previous week.

MORE ON IREN, HUT 8

* IREN Q4 Earnings Review: Growth And Profit Matter [https://seekingalpha.com/article/4817954-iren-q4-earnings-review-growth-and-profit-matter]
* Hut 8 plans 4 new sites with over 1.5GW total capacity [https://seekingalpha.com/news/4489100-hut-8-plans-4-new-sites-with-over-15gw-total-capacity]
* IREN stock climbs after Q4 adjusted EBITDA tops consensus [https://seekingalpha.com/news/4490224-iren-stock-climbs-after-q4-adjusted-ebitda-tops-consensus]
* Trump sons' American Bitcoin locks in investors for Nasdaq-bound all-stock merger: report [https://seekingalpha.com/news/4489877-trump-sons-american-bitcoin-locks-in-investors-for-nasdaq-bound-all-stock-merger-report]