2 Bitcoin Mining Stocks To Watch In February 2024
From Nasdaq:
Bitcoin is a digital currency that has revolutionized the financial landscape. Its value has seen remarkable ups and downs, making it an attractive investment option. Bitcoin mining stocks represent companies involved in validating transactions and securing the blockchain, providing exposure to the cryptocurrency market without directly purchasing Bitcoin.
Investing in Bitcoin mining stocks offers leverage to the cryptocurrency market and the potential for significant returns. MicroStrategy Incorporated (MSTR) is a leading company in the analytics and business intelligence sector. It reported earnings of $5.62 per share and currently holds 190,000 bitcoin, with shares rising by 10.33% year-to-date.
Riot Platforms Inc. (RIOT) focuses on cryptocurrency mining with an emphasis on Bitcoin. In January 2024, the company produced 520 bitcoins and is developing a new large-scale facility that will add an extra 400 megawatts of capacity and be energized by the end of March 2024. Shares of RIOT stock have jumped by 10.84% year-to-date.
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