Bitcoin miners are benefiting from the resurgence in cryptocurrency and the frenzy in nonfungible tokens. Ordinals are driving up Bitcoin fees, contributing to a total mining revenue of around $63.8M. Mining stocks have outperformed Bitcoin, with significant gains for companies like Canaan Technology, Ebang, Marathon, and Bitfarms.
$RIOT $MARA 🔸 CRYPTO STOCKS RISE AS BITCOIN RALLIES OVER 3% 🔸 CRYPTO MINERS RIOT PLATFORMS UP 4.4%, MARATHON DIGITAL UP 5.5%, U.S.-LISTED SHARES OF HUT 8 MINING UP 4.2%
Crypto headlines this year have been dominated by optimism that US ETFs will soon be allowed to hold Bitcoin, but the biggest gains of late have come from memecoins and new-fangled nonfungible tokens https://t.co/h0kA2ytRrP
As Bitcoin exceeded 44,000, the stock price of Bitcoin mining machine manufacturers Canaan Technology and Ebang rose as much as 32% and 34%. The North American Bitcoin mining companies Marathon and Bitfarms have seen more than 500% gains this year. https://t.co/r9ZNlBdwYz
As Bitcoin exceeded 44,000, the stock price of Bitcoin mining machine manufacturers Canaan Technology and Ebang rose as much as 32% and 34%. The North American Bitcoin mining companies Marathon and Bitfarms have seen the 500% gains this year. https://t.co/r9ZNlBdwYz
NEW: #Bitcoin ⛏️ miners' earnings jump as transaction fees surpass 💵 $23.7M, reflecting surging demand for block space, partly fueled by Ordinals protocol's trading volumes, and contributing to a total mining revenue of around 💵 $63.8M. https://t.co/ty44YakyBG
Bitcoin and Mining Stocks Monthly Performance During the past 30 days, most mining stocks have outperformed #Bitcoin. #BTC rally has positively affected future returns of mining companies. $MIGI +183% $CLSK +165% $BITF +136% $CORZ +123% $MARA +120% $IREN +102% $WULF +87% $ARBK… https://t.co/S7lVhlEEos
Bitcoin hit an all time high for fees, ever. $23.6M in one day. Ordinals saved miners. The chain is finally being used. Source: GlassNodes https://t.co/pm39nPV4nK
Phantom providing access to Bitcoin would be so bullish for Ordinals https://t.co/PebZlvo8yo
NEWS: Ordinals are driving up Bitcoin fees — but that may be good for the network https://t.co/9rPNEheFXR
Bitcoin miners, already among the biggest beneficiaries of this year’s resurgence in the largest cryptocurrency, are getting an additional boost from the frenzy in nonfungible tokens https://t.co/kveZ1pregF