The recent $BTC price surge has lifted the stocks of public-listed crypto mining firms, which had taken a hit after the Bitcoin halving event in April. Over the past few months, these stocks have strongly recovered, aligning with the BTC price recovery.
According to on-chain data provider ecoinometrics, Bitcoin mining stocks have been closing the gap with $BTC . Despite underperforming after the launch of spot Bitcoin ETFs in January, the mining industry has been consolidating operations and exploring lucrative areas like cloud computing and AI.
Northern Data, a leading $BTC mining player, is betting on these shifts to boost revenue by year-end. Ecoinometrics predicts that BTC mining stocks could outperform Bitcoin, similar to the previous cycle where miners acted as a leveraged bet on $BTC .
Top public-listed Bitcoin mining companies in the US have shown impressive gains:
- Marathon Digital (NASDAQ: MARA) stock surged 32% in a month, outpacing BTC's 5.26% gain.
- Riot Platform (NASDAQ: RIOT) saw a 30% stock price increase.
- Cipher Mining (NASDAQ: CIFR) stock gained a staggering 44%.
This trend is expected to continue, making $BTC mining stocks an attractive opportunity for investors.#btcmining
