In February, Bitcoin (BTC) price increase outperformed 20 out of 25 stocks that belong to mining companies, according to data from Hashrate Index. On Feb. 1, BTC closed at $23,723.77, and on Feb. 20, BTC recorded its monthly high by closing at $24,829.15, marking a 4.6% increase.

Iris Energy (IREN) was the most profitable stock among all, recording a 29% increase, followed by Cipher Mining (CFR) with 27%. Other stocks that outperformed BTC included Sphere 3D (ANY), Cathedra Bitcoin (CBIT), and Stronghold Digital Mining Inc. (SDIG), which recorded increases of 11%, 9%, and 7%, respectively.

However, when looking at year-to-date (YTD) numbers, 20 out of 25 mining stocks are still ahead of BTC. According to the data, BTC has recorded a 40% increase since the beginning of the year, placing it 21st in ranking. Core Scientific (CORZ), Digihost Technology (DGHI), and CBIT have been the top three best performers, recording 267%, 242%, and 200% growth YTD.

The impressive performance of Bitcoin and mining stocks in February shows that the cryptocurrency market is continuing to grow and mature. With more investors entering the space, the future of Bitcoin and other cryptocurrencies looks bright.