Stocks of mining companies have doubled

Bitcoin mining companies have shown incredible growth of up to 120% per month, and they are not going to stop.

Quotes from Bitcoin mining companies even went up to 120% in just one month! And that has a logical reason.

The first reason is relatively trivial - the rising prices of crypto-assets. Following the first one, the second is an increase in profitability of this kind of business. And the third one is the increase in Bitcoin mining volumes.

It was noticed not only by shareholders, but Yahoo Finance has published a list of companies mining bitcoins and their growth over the past month:

- Marathon Digital Holdings (124%);

- Core Scientific (110%);

- Hut 8 (98.95%);

- Riot Blockchain (96.69%);

At the time, BTC made only 18% growth for the month and ETH about 67%. Bitcoin mining companies have had to deal with several factors affecting BTC mining and profitability in recent months, including falling asset prices and rising energy costs.