Bitcoin Mining Stocks Jump 25% amid AI Push and BTC Price Surge
Bitcoin mining stocks surged up to 25% as Bitcoin crossed $70,000, with companies like Bitdeer Technologies (+24.4%), IREN (+17.8%), and Hut 8 (+15.5%) leading the gains.
JPMorgan Identifies US Bitcoin Mining Stocks with Outperformance Trend
Collectively, the 14 US mining companies have a network hash rate of approximately 23.8% of the total market share.
Bitcoin Mining Stocks Register Strong Gains after Donald Trump Extends Support
On Tuesday, several crypto mining stocks like CleanSpark, TerraWulf, Hut 8 Mining and other rallied by 8-10% following support from former president Donald Trump.
Cantor Fitzgerald: Bitcoin Miners to Struggle to Turn Profits Post-Halving
The analysts at Cantor Fitzgerald expect two firms – Singapore-based Bitdeer and US-based CleanSpark – to remain profitable post-halving.
Coinbase and MicroStrategy Stock Jump Almost 9% amid Bitcoin Rally
With MicroStrategy’s shares trading at $574 ahead of today’s open, a level not seen since April 2022, investors are closely watching the company’s performance amid the ongoing crypto resurgence.
Hut 8 Merger with USBTC Greenlighted by Canadian Supreme Court
The merger between Hut 8 and USBTC is not just a significant event within the crypto space, it also holds great promise for investors and the broader financial markets.
Hut 8 Mining Corp Announces Disappointing Q2 2023 Earnings Results, HUT Shares Drop Over 4%
Hut 8 Mining reported a revenue of about $19.2 million in Q2, a significant decline from $43.8 million recorded in the same period last year, mainly caused by increased mining difficulty.
Hut 8 Mining Secures $50M in Credit Facility from Coinbase to Continue Operations
Hut 8 Mining will unlock the $50 million credit facility from Coinbase at different stages of closing and the progress made ahead.
MicroStrategy Sets to Profit from Bitcoin Investment as BTC Price Rally
The number 1 cryptocurrency in the world has amassed over 82% gains since the beginning of the year.
Coinbase, MicroStrategy, and Other Crypto-Related Stocks Advance as Bitcoin Surges
In its year-to-date record, Riot Platforms has surged 212.09% and another 147.20% in the last three months.