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(Kitco News) - Bitcoin mining companies offer investors ancillary exposure to the crypto market from the safety of the stock market in a similar manner as gold mining companies provide increased exposure to precious metals.
Over the past month, as the price of Bitcoin (BTC) 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.
The leader of the pack was Marathon Digital Holdings (MARA), with a price gain of 124.12%, according to data from Yahoo Finance, followed by Core Scientific (CORZ) with a gain of 110.39%, 98.95% for Hut 8 (HUT), and a 96.69% increase in the price of Riot Blockchain (RIOT).
Judging from the outsized performance of...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...