Crypto mining stocks rise despite Piper Sandler cutting price targets on MARA, Hut 8, and Riot.

Despite Piper Sandler lowering price targets on major crypto mining stocks MARA, Hut 8, and Riot due to inflation, higher oil prices, and credit market concerns, MARA and Hut 8 shares rose about 4%, while Riot held flat. The gains suggest investors are optimistic about these stocks' rebound, even as financing for data center expansions remains uncertain. Piper Sandler maintains an Overweight rating on MARA, but advises caution until the data center debt situation clarifies. Bitcoin's modest price rise contrasts with the stronger stock rallies, indicating the stocks are moving on company-specific factors rather than cryptocurrency prices alone.

Hut 8 Corp shows a market cap of $8.40 billion and a trading volume of 5,149,433 shares on Pluang as of Oct 21, 2026 00:21 WIB, with its price up 3.56% to USD 70.60. Riot Platforms has a market cap of $5.24 billion and a higher volume of 11,143,306 shares, with a modest 0.43% price increase to USD 14.03. Despite differing investor sentiment on Pluang—Hut 8 sees 100% buy orders while Riot has 90% sell orders—both stocks reflect active trading amid the ongoing market dynamics described in the news.