BTC mining stocks surge as Bitcoin breaks $25k

Quick Take

So far, 2023 has been a great year for Bitcoin miners as the hash rate and price has surged. As a result, share prices have soared YTD;

  • Iris Energy Limited: 270%
  • Bitfarms Ltd: 170%
  • Hut 8: 158%
  • Bit Digital Inc.: 138%
  • Marathon Digital Holdings Inc: 139%
  • HIVE Blockchain Technologies Ltd: 133%
  • Riot Platforms Inc: 105%
  • Stronghold Digital Mining Inc: 72%
  • CleanSpark Inc: 51%
  • BTCUSD: 50%

Hash Rate extends all-time high

  • Bitcoin hash rate also continues to make new all-time highs, surpassing 312 TH/s as of Feb. 16.
  • While seeing back-to-back positive adjustments, 37% up on Feb. 14, and 16% up on Feb. 15.
Miner share price ytd: (Source: Trading View)
Miner share price ytd: (Source: Trading View)
Hash Rate adjustment: (Source: Glassnode)
Hash Rate adjustment: (Source: Glassnode)

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