Share this article
Bitcoin Mining Stocks Soar as BTC Blows Past $20K
Share prices for publicly traded bitcoin mining companies are climbing as the leading cryptocurrency sliced through $20,000 Wednesday.
By Zack Voell
Updated Mar 6, 2023, 3:13 p.m. Published Dec 16, 2020, 5:03 p.m.
Share prices for publicly traded bitcoin mining companies are soaring as the leading cryptocurrency sliced through the highly anticipated $20,000 mark Wednesday morning.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- Riot Blockchain ( RIOThttps://hashrateindex.com/stocks/riot), Marathon Patent Group ( MARAhttps://hashrateindex.com/stocks/mara) and Hive Blockchain (HIVE) all show double-digit percentage gains since the daily open at last check. Hive is up 25% on the day.
- All three companies are now individually worth over $450 million.
- Toronto-based Hut 8 ( HUThttps://hashrateindex.com/stocks/hut-ct) mining gained nearly 9% since the trading started Wednesday. The company currently is worth $168 million.
- Over the same period, bitcoin gained 7%.
- “Mining stocks are a very attractive way for investors to get upside exposure to [the] bitcoin price while being limited on the downside due to the infrastructure nature of the business,” Ethan Vera, co-founder of mining company Luxor Technologies, told CoinDesk earlier this month.
- “The best mining companies can deliver profits in bear markets and have outsized returns in bull runs,” Vera said.
- Year to date, bitcoin has gained over 185%.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin Rebounds to $93K From Post-Fed Lows, but Altcoins Remain Under Pressure
Downward pressure on bitcoin is losing steam, with the market stabilizing but not yet out of the woods, said one analyst.
What to know:
- Bitcoin rebounded from a sharp early selloff on Thursday to trade above $93,000 shortly after the close of U.S. stocks.
- The late-day gain in bitcoin came alongside a rebound in the Nasdaq from big morning losses; the tech index closed with just a 0.25% loss.
- Downward pressure on bitcoin is losing steam, said one analyst, but the market is not yet out of the woods.
Top Stories
