• Top five leading Bitcoin mining companies have seen their stocks surge in value, recording solid gains in recent weeks.
• Riot Blockchain, Hive, Marathon Digital, Hut8, and Bitfarms have all gained at least 10% in value this week.
• Despite some negative news spreading in the industry, major assets in the crypto industry have been in the green for the past weeks.
Recently, the crypto market has seen a significant rally, and the stocks of the top five leading Bitcoin mining companies have been in the green since the beginning of this week. Investors have been watching the markets closely to see if this is indeed the long-awaited bull run. As the market continues to surge, major crypto stocks have seen impressive gains in the last few weeks.
Riot Blockchain (RIOT) has seen the biggest gains of up to 43% this week, with a closing price of $6.13 in after-hours trading on Thursday. Hive Blockchain Technologies has also seen a significant spike of 37.6% in the last 24 hours and a total gain of 76% since the beginning of the week. Marathon Digital (MARA) has recorded a 30.9% increase in value and is up by 65% since the start of the week. Hut8 and Bitfarms have both seen gains of at least 10% this week.
Though some negative news has been circulating in the crypto industry, major crypto assets have continued to remain in the green for the past weeks. This is a positive indicator for the industry and suggests that investors may be expecting a sustained long-term rally. The coming weeks will be crucial in determining if this is indeed the much-anticipated bull run.