Bitcoin miner shares rise 420% in 2 months on Nasdaq

Charlie Taylor

Although the value of bitcoin has reached new historical price hikes, a publicly listed bitcoin miner has made gains greater than the main cryptocurrency in the past two months.
The market assessment of the American company Riot Blockchain (Nasdaq: RIOT) recently obtained a capitalization of $ 1 billion. Meanwhile, a number of other bitcoin mining business operations have seen colossal demand for shares in their companies.
After being traded for $ 3.29 per unit during late October 2020, the shares were up 428.9% and are now trading above the $ 17 range on December 30.
Riot Blockchain quote on the American stock exchange. Source: TradingView.Riot Blockchain quote on the American stock exchange. Source: TradingView.
2020 data shows that Riot's shares jumped more than 1,390% during the year. Riot was also part of the trend for companies buying large quantities of mining machinery this year. The company purchased 15,000 S19 Pro and S19j Pro Antminer mining platforms from Bitmain on December 23.Coinext 760x150 "width =" 760 "height =" 150

In fact, Riot is not the only publicly-listed bitcoin mining operation that has seen stocks rise immensely in value. As of December 11, 2020, Hut8 shares were trading at $ 1.46 per unit, but have since increased by 159% to $ 3.79 per share.
The Marathon Patent Group (Nasdaq: MARA) has seen shares jump in value by more than 168% since December 11, when the shares were being traded for $ 4.63 per unit. At the time of publication, Marathon shares were trading at $ 12.42. Marathon is another company that recently announced the largest acquisition of next-generation miners when it struck a deal with Bitmain to buy 70,000 Antminers for $ 170 million.
Shares of micro-network software company Cleanspark (Nasdaq: CLSK) skyrocketed after the company revealed it would buy 1,000 bitcoin miners. The deployed S19 Antminers will increase Cleanspark's mining capacity to 300PH / s. Since December 11, 2020, CLSK's shares have more than doubled, from $ 13.21 to $ 28.66 per unit.
After the Chinese company Canaan Creative (Nasdaq: CAN) launched its initial public offering (IPO), the shares did not perform as well for some time, with the shares plummeting.
More recently, however, CAN shares have risen in value since the price of bitcoin (BTC) increased. Although Canaan's shares have risen, they have not seen growth as the aforementioned bitcoin mining companies have seen. On December 11, the value of the share (CAN) was US $ 3.39, but today it is traded at US $ 4.15 per share.
See also: To buy Bitcoin, company intends to assume $ 100 million debt

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