📈 Matrixport, a cryptocurrency service provider, reports that Bitcoin mining stocks have seen an impressive average increase of 266% this year, surpassing Bitcoin's own return of 150%. The report suggests that mining stock prices tend to follow cycles similar to Bitcoin's price. Accordingly, if Bitcoin drops to $30,000, this year's mining stock gains could decrease by 97%, while a rise to $70,000 could potentially expand them by 572%. 🚀📊 #BitcoinMiningStocks #CryptoAnalysis

The revenue earned from Bitcoin mining in 2023 was more than that of leading publicly traded companies like Spotify, eBay, and Hermes.

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🪙💼 American investment bank Bernstein finds Bitcoin mining stocks like Riot Blockchain, CleanSpark, and Marathon Digital highly attractive investment assets, outperforming Bitcoin's price with gains of 36%, 105%, and 60% respectively in the current month. Improved profitability for miners, driven by increased transaction fees for BRC20 tokens and Ordinals-based Inscriptions, is cited as a key factor behind this growth. 💰📈 #BitcoinMiningStocks

⚡️ #Bernstein has issued an outperform rating on #Bitcoin mining stocks $RIOT, $CLSK, $IREN, and $CORZ, citing strong operational capacity, energy efficiency, and AI potential.

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