#Bitcoin Mining Stocks Surge Ahead, Outperforming BTC Amid #Bullish Market Trends

Impressive Gains Help Bitcoin #Mining Stocks Outperform BTC, but Risks Loom

During the recent bullish price movement in the cryptocurrency sector, Bitcoin mining companies have performed much better than Bitcoin itself.

In 2023, the average annual stock price growth for the top nine publicly traded Bitcoin mining companies has been 257.14%, almost three times the growth rate of the #cryptocurrency itself during the same time frame.

The larger gains of mining companies are explained by the leveraged beta effect.