Publicly-Traded Bitcoin Miners Have Been Outperforming The Bitcoin Price
Four publicly-traded bitcoin mining companies have outperformed the price of bitcoin since 2020 for a few key reasons.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.In regards to the performance of publicly traded miners, we will be looking at their performance since the start of 2020 in both USD and BTC terms. RIOT, MARA, BITF, and HUT will be examined specifically.Since the start of 2020, these four companies....
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The publicly traded bitcoin miner aims to quadruple its current hashrate by mid-2021.
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,....