Shares of Bitcoin Miners Gained Value Thanks to the Increase in Price

The rise in Bitcoin price yesterday also increased the shares of mining companies on a daily basis.

Shares of companies such as Canaan and Ebang, which produce special equipment for Bitcoin miners, gained up to 32 percent and 34 percent in value during the day.

According to TradingView data, Bitcoin crashed for a short time yesterday. $44,000 After exceeding it, it is bought and sold at $ 43,883 at noon today.

According to the statement made by Canaan, the company completed its operations in the third quarter of this year. $33.3 million earned income. The company made $73.9 million in the second quarter; In the third quarter of 2022, it earned $145.5 million in revenue.

Canaan CEO Nangeng Zhang said: “In the third quarter of 2023, Bitcoin’s stagnant price and the Federal Reserve’s interest rate hikes presented serious challenges to us.” said.

Shares of Marathon, one of North America’s largest mining companies, are in decline, according to TradingView data. increased by 517 percent since the beginning of the year And for $22.10 output. Marathon in the third quarter of the year 3 thousand 490 Bitcoins produced.

Similarly, in the same quarter 1,172 Bitcoins The shares of Bitfarms, which produces gained 531 percent in value.

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