Insights

Bitcoin miner share prices soar in January 2023

exchange68September 13, 2024

0 0 1 minute read

Quick Take

CryptoSlate has previously analyzed 9 of the top Bitcoin mining companies in terms of the evolution of Bitcoin holdings in 2022.
2021 was an unfriendly year for Bitcoin miners, to put it mildly, as share prices plummeted over 55% and, in some cases, over 90%.
However, 2023 has seen miner profitability tick up once again with the resurgence in Bitcoin price.
Furthermore, miner revenue per exahash is a metric for estimating daily miner incomes relative to their estimated contribution to network hash-power, which went to all-time lows at the back end of 2022 to show how miners struggled.

Miners performance year-to-date:

CORZQ: +376.19%
HUT: +136.06%
BITF: +131.10%
HIVE: +126.14%
BTBT: +122.22%
MARA: +112.06%
CLSK: +57.71%
ARGO: +4.52%

Miner share price: (Source: Trading View)

Miner hash price: (Source: Trading View)

Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century’s paramount invention.

Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.