3 Bitcoin Mining Stocks to Hold as BTC Becomes More Mainstream

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 32 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 53%

NVIDIA Corporation أخبار

Terawulf Inc,Bitcoin,Iris Energy Ltd

Stocks Analysis by The Tokenist (Timothy Fries) covering: NVIDIA Corporation, Terawulf Inc, Bitcoin, Iris Energy Ltd. Read The Tokenist (Timothy Fries)'s latest article on Investing.com

but more volatile than BTC itself, bitcoin mining stocks have been significantly up over the last three months. While Bitcoin flatlined at negative 1% for a 3-month performance, the Valkyrie Bitcoin Miners ETF is now attached to rapid growth. Year-to-date, CORZ stock is up 162%, triple the performance of Bitcoin. After the approved Chapter 11 restructuring plan, the mining company regained a Nasdaq listing this January.

However, the miner extended its 12-year AI contract by providing CoreWeave with 200MW worth of computing power for its high-performance compute operations. For this purpose, CoreWeave is utilizing Nvidia attracted investors’ attention as one of the first Bitcoin mining companies to tap into nuclear power. Specifically, its “Nautilus” site adjacent to Pennsylvania’s Susquehanna nuclear power plant.

Having mined 1,057 BTC, it represents an 8.9% year-over-year uptick. Finishing the quarter with a $28 million gross profit, up from $14.4 million the year prior, TeraWulf’s BTC stash was valued at $56.8 million.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 450. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

These 3 Stocks Can Surge if the Fed Cuts Rates in SeptemberStocks Analysis by The Tokenist (Timothy Fries) covering: NVIDIA Corporation, Advanced Micro Devices Inc, Natural Gas Futures, Essential Utilities Inc. Read The Tokenist (Timothy Fries)'s latest article on Investing.com
مصدر: Investingcom - 🏆 450. / 53 اقرأ أكثر »

Stocks to Watch Today: Apple, Gamestop, and First SolarStocks Analysis by The Tokenist (Timothy Fries) covering: Apple Inc, First Solar Inc, GameStop Corp. Read The Tokenist (Timothy Fries)'s latest article on Investing.com
مصدر: Investingcom - 🏆 450. / 53 اقرأ أكثر »

These 3 Clinical-Stage Biotech Stocks Can Offer Exponential GainsStocks Analysis by The Tokenist (Timothy Fries) covering: Pfizer Inc, Ocuphire Pharma Inc, Rocket Pharmaceuticals Inc, Arvinas Inc. Read The Tokenist (Timothy Fries)'s latest article on Investing.com
مصدر: Investingcom - 🏆 450. / 53 اقرأ أكثر »