Miners’ Shares Rise Driven by Stock Market Improvement

Reading time: < 1 minute

The shares of crypto mining firms have been positively affected by the growth of the US stock market, which has created conditions for the inflow of capital into their shares.

Since the beginning of the year, many major miners have been able to attract investment due to the improvement in the crypto sphere and the strengthening of the largest crypto by market capitalization.

The capitalization of crypto mining giant Bitfarms has increased by 140% over the past 2 weeks.

In addition, the shares of crypto mining firms Marathon and Hive have risen by 120% and 100%, respectively, since the beginning of January.

The profitability of crypto mining due to the strengthening of Bitcoin has also increased.