BTC mining stocks surge as Bitcoin breaks $25k

exchange68September 13, 2024

0 0 1 minute read

Quick Take

So far, 2023 has been a great year for Bitcoin miners as the hash rate and price has surged. As a result, share prices have soared YTD;

Iris Energy Limited: 270%
Bitfarms Ltd: 170%
Hut 8: 158%
Bit Digital Inc.: 138%
Marathon Digital Holdings Inc: 139%
HIVE Blockchain Technologies Ltd: 133%
Riot Platforms Inc: 105%
Stronghold Digital Mining Inc: 72%
CleanSpark Inc: 51%
BTCUSD: 50%

Hash Rate extends all-time high

Bitcoin hash rate also continues to make new all-time highs, surpassing 312 TH/s as of Feb. 16.
While seeing back-to-back positive adjustments, 37% up on Feb. 14, and 16% up on Feb. 15.

Miner share price ytd: (Source: Trading View)

Hash Rate adjustment: (Source: Glassnode)

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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