Bitcoin Miner IREN Dominates X’s Most-Searched Cashtags, Outshining Tesla and Bitcoin Itself

Move over, Elon. A Bitcoin mining stock just hijacked the financial conversation.

IREN, the ticker for Iris Energy, rocketed past Tesla and even Bitcoin to become the most-searched cashtag on X. Forget the usual blue-chip suspects—retail's laser focus has shifted to the picks-and-shovels play behind the digital gold rush.

The Signal in the Search Noise

This isn't just a random blip. When a niche infrastructure player like a Bitcoin miner tops a mainstream social platform's finance queries, it screams a shift in market psychology. It means the crowd isn't just watching the price of BTC anymore; they're digging for the leveraged bets that ride its coattails. They're hunting for alpha in the engine room.

It’s a brutally efficient sentiment gauge—one that bypasses analyst reports and cuts straight to what traders are actually typing with their own thumbs. No focus groups, no surveys. Just raw, unfiltered intent.

A Cynical Take on the Frenzy

Let's be real for a second. The average finance bro searching a cashtag probably understands mining about as well as he understands the inner workings of his microwave. He just knows it gets hot and sometimes makes money. The sudden obsession with IREN feels less like deep fundamental analysis and more like a herd spotting the next parabolic chart—a classic case of chasing the heat, not the underlying value. But hey, in crypto, momentum often *is* the thesis.

The trend is clear: the narrative is expanding beyond the core asset. If 2023 was about Bitcoin's resurrection, and 2024 was about the ETFs, then this move signals the next phase—the scramble for the high-beta, high-risk satellites in its orbit. The miners are back in the spotlight, and the market's hunger for them is being typed out, one search at a time.

Bier says IREN and Tesla were the top tickers in the platform’s cashtag searches

In a recent update, Bier showed that IREN ranked first in X cashtag searches from December 1, 2025, to January 14, 2026, followed by Tesla, AST SpaceMobile, and Bitcoin, respectively. Then, tickers for Ondas Holdings, XRP, GameStop Corporation, Nebius Corporation, Opendoor Technologies Inc., and ethereum made up the rest of the list. 

Following the results, one user inquired whether cashtags are detrimental to the algorithm’s functioning. Some also grew more curious about the Bitcoin miner IREN, questioning its nature and workings.

Another user also asked about the ranking of memecoin cashtags, while others shared their opinions on other altcoins that they thought deserved more attention. There were mentions of the tickers $ADA, $MON, $TON, and more.

Meanwhile, others shared how Bitcoin, Ethereum, XRP, and Onds are making the list tracks, noting their extreme bullishness. Some were also surprised that solana was not ranked among the top tickers.

AB Kuai Dong says Musk may establish his own exchange or partner with other platforms

When Bier first announced the Smart Cashtags feature, its timing drew attention in the cryptocurrency community. Previously, there was speculation that X WOULD limit replies after one of Bier’s other posts. 

Pseudonymous crypto analyst KALEO was one of the critics of the X executive’s earlier post, stating that limiting the frequency of replies would harm community-led conversations. “Imagine telling streamers that they’re limited to how often they can reply to their chat,” KALEO argued on X that it would be similar to stopping creators from interacting with their communities.

Nonetheless, Bier’s feature announcement elicited enthusiasm among community members. According to AB Kuai Dong, the post going viral led many to believe X might become a hub for stock and crypto trading via partnerships with Coinbase, Base, and legacy brokerages.

He wrote that many English-speaking users expect the platform to partner with Coinbase and stock brokers, with X serving as the entry point and the partners providing trading infrastructure. He also suggested that Musk could choose to build a native exchange, noting that X Money has been under development for nearly a year. 

The smartest crypto minds already read our newsletter. Want in? Join them.