Insights

Bitcoin mining companies defy market trend with positive gains

exchange681 week ago

0 0 1 minute read

Quick Take

Following the news of Silvergate Capital and the liquidations that occurred on March 2 through to March 3, Bitcoin is down 4.5%; however, Bitcoin mining stocks are bucking the trend.
Iris Energy Limited: 6.43%
Bitfarms Ltd: 1.68%
Hut 8: 3.25%
Bit Digital Inc.: 2.50%
Marathon Digital Holdings Inc: 7.46%
HIVE Blockchain Technologies Ltd: 0.74%
Riot Platforms Inc: 6.53%
Stronghold Digital Mining Inc: -0.02%
CleanSpark Inc: 3.43%
BTCUSD: -4.51%

Miner Share Price: (source: TradingView)

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.

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