Publicly-Traded Bitcoin Miners Continue To Outperform
Shares of publicly-traded bitcoin mining companies continue to outperform, with many of them up big this week.The below is from a recent edition of the Deep Dive, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.Shares of publicly-traded bitcoin mining companies continue to outperform, with shares of Riot Blockchain (RIOT), Hut 8 Mining Corp (HUT), Marathon Digital Holdings Inc (MARA) and Bitfarms Ltd (BITF) up big during Thursday’s trading session. It was....
Related News
Nearly all publicly-traded bitcoin mining companies have failed to outperform bitcoin year to date as the bear market continues.
Four publicly-traded bitcoin mining companies have outperformed the price of bitcoin since 2020 for a few key reasons.
According to findings stemming from a report published by Arcane Research, Bitcoin’s hashrate is steadily going public as an increasing share is deployed by publicly listed companies. Current data shows that the publicly listed miners’ share of Bitcoin’s hashrate is roughly 19% today, up 3% since January 2021. Publicly Listed Bitcoin Miners Continue to Grow, Public Miners Expand Capacity Much Faster Than the Overall Market Bitcoin mining has grown a great deal during the last few years as the crypto asset’s hashrate reached all-time highs this year. Presently,....
According to a series of mining metrics, not only are miners holding hard but they’re also dramatically increasing their hash rate. Bitcoin (BTC) miners are holding more and more Bitcoin while “relentlessly expanding” their operations in 2022. A report by Arcane Research indicates that publicly listed Bitcoin miners are “constantly looking for expansion opportunities,” as they “plan to increase hashrate faster than the whole network in 2022.” Publicly listed Bitcoin miners projected hashrates. Source: Arcane Research44.95% of the global hash rate derives from North American miners,....
January once again saw the bitcoin holdings and hash rates of publicly-traded bitcoin miners go “up and to the right.”