Crypto stocks continue rallying as Bitcoin extends gains on regulation push

CleanSpark (CLSK) fell 6% despite a 7% Bitcoin rally, while MARA remained flat. Investors are reassessing miners' pivot to AI landlord roles. CleanSpark's mining revenue dropped 30%, and EBITDA turned negative. Riot Platforms' $9.1B AI deal initially boosted shares but gains faded. The CoinShares Valkyrie Bitcoin Miners ETF (WGMI) fell 3% on the day.

BJ's Wholesale shares rose 4% after Q2 earnings beat estimates, with revenue at $6.09B and EPS guidance raised. Ross Stores also gained over 4% on strong Q2 results and upbeat Q3 guidance. Crypto-related stocks like Robinhood and Coinbase surged as bitcoin climbed over 20% for the week. Broadcom rose 1% on reports of a $60B debt plan for a deal. OSI Systems dropped 10% after missing revenue expectations. The Boston Beer Company fell 3% following CFO departure news. O-I Glass jumped 10% after a C

Robinhood Markets Inc. (HOOD) stock rose 13.34% on August 21, 2026, driven by regulatory approvals for new crypto trading features and private-market bets. The company reported quarterly revenue of $1.308B, with an EBIT margin of 19.5% and profit margins over 40%. Goldman Sachs raised its price target to $123, and the average target is $124.73. HOOD is expanding into private-market access and international crypto trading, with new products like the Robinhood Ventures Fund II (RVII).

Riot Platforms (RIOT) signed a 20-year data-center deal with Anthropic, boosting shares. Duquesne Family Office disclosed a new 754,800-share stake in RIOT. Q2 revenue rose 14% YoY to $174.2M, with Bitcoin mining revenue down. RIOT holds $1.2B in liquid assets. Analysts raised price targets post-Anthropic deal, with Morgan Stanley setting the highest at $43.

Coinbase CEO Brian Armstrong expects the CLARITY Act to secure over 60 Senate votes on Sept. 15, per CoinDesk. The bill requires 60 votes to proceed. Armstrong is confident it will pass the first procedural vote after Congress reconvenes, potentially ending US digital-asset regulatory uncertainty.

Riot Platforms (RIOT) secured a $573 million credit facility to fund data center expansion, shifting focus from Bitcoin mining. The financing may impact stock valuation and risk profile, with investor attention on data center assets and treasury management. Progress at the Rockdale data center project is a key marker for future performance.