With an increase of 800%! Riding on the wave of Bitcoin's skyrocketing, shares of cryptocurrency miners like Marathon soar

Zhitong
2023.12.27 23:52
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Bitcoin miners Marathon and Riot Platforms have outperformed Bitcoin, with gains of over 800% and 400% respectively. Meanwhile, Coinbase and MicroStrategy have also seen gains of over 350% in their stock prices. Bitcoin mining companies are expanding their operations to increase production, and it is expected that if the approval for Bitcoin exchange-traded funds is obtained, the demand for Bitcoin will significantly increase. Riot Platforms has announced the purchase of a large number of mining machines, while Marathon is acquiring new equipment to improve mining efficiency. Marathon's stock price has been rising for 11 consecutive trading days.