Shares of cryptocurrency mining companies have returned much more than Bitcoin this year.
Shares of mining companies such as Marathon Digital Holdings and Riot Platforms have increased respectively since the beginning of the year. More than 700% and more than 400% gained value.
Mining companies, before a decision is made on the spot Bitcoin exchange-traded fund (ETF) and halving He accelerated his work before it was done.
Brian Dobson, head of equity research at investment bank Chardan, said: “Marathon Digital’s announcement last week that it has acquired new facilities could lead to stronger results in metrics reflecting mining efficiency. Investors are focusing on that.” said.
Shares of mining companies will fall if the rally continues, according to Ihor Dusaniwsky, Managing Director of S3 Predictive Analytics. more buying pressure viable.
According to Yahoo Finance data, the trading volume of Marathon shares was 105 million transaction volume reached and left behind companies such as Tesla, Apple and Amazon.
marathon, in the list of most active stocks While it ranks first Riot Platforms in sixth place following.
