Digital asset financial services company Matrixport said in its latest report that despite the strong performance of cryptocurrencies, a series of listed BTC mining companies and other digital asset companies such as Coinbase have soared even higher, with returns of up to 266%. This performance of more than 110% over Bitcoin highlights the cyclical nature of BTC mining companies, which are deeply affected by the volatility of cryptocurrency prices. The analysis found that if Bitcoin reaches its all-time high of $70,000, investors in the asset itself can get a return of about 167%. However, a diversified portfolio of listed Bitcoin mining companies such as HIVE Digital, Bitfarms and Iris Energy may bring greater gains. Based on the price of Bitcoin at the time of the report, these entities are trading at a 33% discount, with a potential upside of 52%. Markus Thielen, head of research at Matrixport, said that regression analysis shows that the valuations of these stocks could rise by 97% if Bitcoin returns to $30,000 and by 572% if Bitcoin reaches $70,000.

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