Bitcoin mining stocks surge alongside rising crypto prices

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!

Over the past month, as the price of Bitcoin climbed 26% from a low of $18,930 to its current price of $23,900, crypto mining companies have seen their stock prices increase up to 120% during the same period as traders scrambled to get exposure to the crypto market. Judging from the outsized performance of these stocks, especially when compared to the 26% gain for Bitcoin and 67.8% increase for Ether , it would appear that crypto mining stocks were deeply oversold and have finally caught back up with the market.

Core Scientific reported a 1,601% increase in self-mined Bitcoin year-to-date in its Q2 results filing, which was posted on Thursday, bringing the total mined to 6,567 BTC. Thanks to increases in digital mining revenue and hosting revenue, the company's Q2 revenue rose 118% YoY to $164 million.

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

U.S. stocks and futures rise as inflation worries abate - BNN BloombergU.S. stocks and US equity futures rose Friday as investors assessed whether signs of cooling inflation will enable the Federal Reserve to pivot to less aggressive interest-rate increases. 2 more aggressive hikes would be ideal, rip the bandaid off and get pivoting in 2023
ソース: BNNBloomberg - 🏆 83. / 50 続きを読む »

Unloved and overlooked, gold mining stocks could be the ultimate contrarian playCommentaries from industry expert Frank Holmes focusing on gold price movements, what's moving markets and what to expect in the metals sector. This includes his weekly Gold SWOT analysis, which is also featured in his own Kitco News show Gold Game Film
ソース: KitcoNewsNOW - 🏆 13. / 78 続きを読む »