Crypto mining stocks are soaring as bitcoin price rebounds to a new multi-month high above $21,000 after a prolonged bear market.
Bitfarms, one of the biggest Bitcoin mining firms in the industry, recorded an increase of more than 140% in the first two weeks of January. It is closely followed by Marathon Digital Holdings Inc., which has surged over 120%. Hive Blockchain Technologies Ltd. also saw the value of its stocks more than double during the same period.
Pump and dump