Bitcoin miners are preparing for the upcoming bitcoin halving, an event that is expected to reduce their revenue streams. In anticipation of this event, miners have taken advantage of the previous year's bull run to raise significant capital. Publicly traded Bitcoin mining companies sold a substantial $1.6 billion in stock in 2023. Ahead of the halving, analysts from Bernstein have recommended specific mining stocks, Riot Platforms (RIOT) and CleanSpark (CLSK), as preferred investments. The market has responded positively to these developments, with Marathon Digital Holdings seeing a 23% increase, Riot Platforms 15%, CleanSpark 13%, Bitfarms 10%, and the Valkyrie Funds Mining ETF 15%. Additionally, Bitcoin miners' stocks are up as much as 602% since the start of 2023. The halving event is scheduled to occur in April, with only 69 days remaining at the time of the latest update.
.@BernsteinBuzz recommends buying its preferred $BTC mining stocks, $RIOT and $CLSK, ahead of the next bitcoin halving event. https://t.co/rwtpRPERvg
Bitcoin miners are up as much as 602% since the start of 2023. Wild. https://t.co/BUr4reDILW
Bulking Up For Bitcoin’s Halving, Miners Sold $1.6 Billion In Stock In 2023 https://t.co/CLxYTayiF7
In a new report, Bernstein analysts picked Riot Platforms (RIOT) and CleanSpark (CLSK) as two Bitcoin mining stocks as a way for investors to gain exposure to BTC ahead of the halving in April. Read more: https://t.co/gtfiZbZ4oq
Two Bitcoin Mining Stocks Are Must Buys Ahead of Halving, Says Brokerage Firm ► https://t.co/RWa9oeJ1qN https://t.co/RWa9oeJ1qN
.@BernsteinBuzz recommends buying its preferred $BTC mining stocks, $RIOT and $CLSK, ahead of the next bitcoin halving event. @willcanny99 reports. @BernsteinGautam https://t.co/pdUUDOKP19
Public bitcoin miners had a great day. 🟧 @MarathonDH: +23% 🟧 @RiotPlatforms: +15% 🟧 @CleanSpark_Inc: +13% 🟧 @Bitfarms_io: +10% 🟧 @ValkyrieFunds (Mining ETF): +15% Only 69 days until the halving!
Bitcoin miners are about to see their revenues cut by the bitcoin halving. Publicly traded firms used last year’s bull run to raise capital before April's supply shock: by @AsILayHodling https://t.co/vnVV8dgfKK
Bulking Up For Bitcoin’s Halving, Miners Sold $1.6 Billion In Stock In 2023: by @AsILayHodling https://t.co/v2h9S6U1cQ
Bitcoin miners are about to see their revenues cut by the bitcoin halving. Here's how they're preparing. https://t.co/qzep1iB66h