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BTC mining stocks double in a month as production ramps

Published 08/12/2022, 12:23 AM
Updated 08/13/2022, 02:20 AM
BTC mining stocks double in a month as production ramps

Crypto mining companies have seen their stock prices increase as much as 120% over the last month, amid rebounding crypto asset prices, higher mining profitability and sharp increases in Bitcoin (BTC) production.

Crypto mining companies Marathon Digital Holdings at 124.12%, Core Scientific at 110.39%, Hut 8 at 98.95% and Riot Blockchain (NASDAQ:RIOT) at 96.69% have seen their stock prices rocketing upward over the last 30-days, according to data from Yahoo Finance — significantly outperforming BTC with 18.0% and Ether (ETH) with 67.8% asset prices.

BTC Mining Profitability Over Last 3 months. Source: Bitinfocharts.com

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