Are miner stocks gonna hit new highs?

Honestly, I thought miners would perform better this time around, but they're really not impressing. Sure, if you got in when prices were rock bottom, you probably made some cash, but compared to past cycles, it’s pretty underwhelming. A lot of folks are saying these companies are just diluting their shares too much, which means we might never see those all-time highs again unless Bitcoin goes on a crazy bull run that surprises everyone. But if that happens, you might as well just hold Bitcoin or maybe go with MSTR since it's clearly a better option for leverage. It feels like this trend is hitting all the major players. Most of them are still below their all-time highs from previous cycles, especially MARA, RIOT, and others that haven’t even hit those highs. Honestly, it seems like we’d need Bitcoin to hit around 400k to see some decent movement in these stocks.