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Bitcoin Soars, Mining Stocks Tell a Different Story Bitcoin’s impressive +113% rise this year hasn’t pulled mining stocks along for the ride. Out of 25 listed companies, only 7 posted gains: CORZQ surged +327%, WULF +169%, BTDR +167%, HUT +91%, IREN +72%, NB2 +58%, and CIFR… https://t.co/JjK8G9FwEv
Most Mining Stocks Tank Despite Bitcoin's Rise Bitcoin’s up a wild 113% in 2023, but mining stocks? A whole different ride, with only 7 of 25 listed companies currently in the green. CORZQ blasted +327%, WULF howled with +169%, and BTDR climbed +167%. HUT’s holding strong at… https://t.co/yW8i0queFo
Although Bitcoin has risen by more than 113% this year, most mining stocks have performed poorly. Among the 25 listed companies, only 7 have achieved positive returns, including CORZQ up 327%, WULF up 169%, BTDR up 167%, HUT up 91%, IREN up 72%, NB2 up 58%, CIFR up 33%. In…
Despite Bitcoin's impressive rise of 113% in 2024, many mining stocks have struggled to keep pace, with only seven out of 25 publicly listed companies reporting gains. Notable performers include Core Scientific (CORZQ), which surged 327%, and Bitdeer (BTDR), which increased by 167%. Other companies such as WULF, HUT, IREN, NB2, and CIFR also posted positive returns, but the overall trend for mining stocks has been negative. Argo Blockchain saw a decline of 84%, while Greenidge fell by 74%. Bitcoin's price peaked at $108,309 before dropping to $98,679, reflecting volatility in the market. Analysts suggest that Bitcoin may reach a cycle peak of $146,000 by mid-January, contingent on historical market trends.