Riot Platform Inc (RIOT), a leading cryptocurrency miner, added 1 Million of contender Bitfarms Ltd- Filing.
Bitfarms market capitalization grew over 10% in the past 52 weeks, reaching $1.03 Billion.
Analysts claim that leading cryptocurrency miners have made significant profits since the beginning of 2024.
Cryptocurrency pioneer Satoshi Nakamoto, the pseudonymous creator of Bitcoin, was the first crypto miner. However, as of August 2024, over 23 publicly listed companies are actively engaged in crypto mining.
As per recent information, Riot Platform Inc, the 4th most prominent crypto miner with a market capitalization of $2.37 Billion, boosted its stakes in Bitfarms Ltd. In its recent filing, Roit notes that it acquired 1 Million more shares of the contending firm.
Data from Companiesmarketcap(dot)com states that Bitfarms Ltd is the 10th leading global crypto-miner with a market capitalization of $1.03 Billion. In the past 52 weeks, the company’s market capitalization grew by more than 10%.
TradingView data states that 301 Million RIOT shares are free-floating, and the remaining 28.24% of shares are closely held, as per the Nasdaq website, Invesco. Ltd holds 19,712,032 shares of BITF, followed by Arrow Street Capital Limited Partnership with 7,480,722 shares.
Leading Crypto Miners & Their Stock Price
Marathon Digital Holdings (MARA) stock is among crypto miners’ most valued stocks. At the time of writing, MARA stock is trading $15.49, with a decline of -32.45% in the YTD (year-to-date) time frame.
In 52 weeks trading range, the stock tumbled between $7.16 – $34.09. Marathon Digital Holdings reported 8.8% less revenue in Q2, 2024, compared to the estimates.
The estimated EPS (earning per share) for the 2nd quarter was negative 0.10; however, the reported EPS is negative 0.70. In 2023, the company gathered $387.51 Million in revenue from its cryptocurrency business.
CleanSpark (CLSK) share is trading at $11.08, with a weekly decline of 12.06%; the 52-week price target of the stock is $23.42. In 2023, the company reported $168.41 Million, $136.59 Million, and a negative 81.11% in net margin.
Core Scientific (CORZ) stock is 4th most valuable crypto-mining stock, trading at $8.46, with an intraday decline of 10.11%. When writing, it is trading below 20 and 50 days EMA (exponential moving average) and above 100 days EMA.
In the 52-week range, CORZ stock price surged over 50% but is still trading below its annual target of $15.43. The Q2 2024 reported EPS (earning per share) of Core Scientific dips by -52,953%, compared to estimated EPS.
However, the company’s reported revenue surpassed the estimated $141.10 Million. Market watchers claim that some leading cryptocurrency miners have booked significant profits since the beginning of 2024.
Crypto Market Price Alert
In the four days, the broader crypto market gathered huge attention from leading investors and other digital currency enthusiasts. Despite volatility in the prices of leading tokens, significant growth is observed in the entire trading volume.
At the press time, the global cryptocurrency market capitalization is at $2.16 Trillion, with a spike of 3.25% intraday. Bitcoin, the widely adopted digital asset, is trading above the mark of $61k, adding 4.25% in the past 24 hours.
Some leading market analysts claim that Bitcoin’s price might surpass $150k resistance in the coming future. It is crucial to note that the recent on-chain data mirrored a tremendous spike in the total addresses on the Ethereum blockchain.
The spike is backed by Ether Spot ETFs’ approval and Ethereum Network’s advancement.