- Another platform that has exploded in the crypto space and stock market in 2023 is Riot Blockchain. Founded in 2000, the company heavily engages in Bitcoin mining, engineering, and data center hosting applications.
- Marathon Digital Holdings, established in 2010, is a company operating in the digital asset technology space and is poised to make waves in the crypto sector. The company generates annual revenue of $117.753 million through cryptocurrency mining.
- Cipher Mining Inc. was introduced in 2021 and has been actively participating in the Bitcoin mining ecosystem in the United States. It has a share price of $2.38.
While this year hasn’t seen Bitcoin reaching new records, Bitcoin mining companies garnered significant attention in 2023, shaking up the stock market.
Popular Mining Stocks in 2023!
The potential to solve complex puzzles and verify cryptocurrency transactions had never been thought of as something that could revitalize the stock market. This success belongs to cryptocurrency mining platforms, which have established a strong position in the cryptocurrency space and added economic support to the stock market. Here is a list of the fastest-growing cryptocurrency mining stocks to explore for maximum gains:
- Riot Blockchain (NASDAQ: RIOT)
Riot Blockchain is another platform that has exploded in the crypto space and stock market in 2023. Founded in 2000, the company is heavily involved in Bitcoin mining, engineering, and data center hosting applications. Currently, RIOT has a share price of $9.09 and a market capitalization of $2.109 billion, with a 1.25% increase in the last 24 hours. Based on current performance, the stock is considered a strong “buy” according to professional ratings.
- Marathon Digital Holdings (NASDAQ: MARA)
Marathon Digital Holdings, established in 2010, is a company operating in the digital asset technology space and is poised to make waves in the crypto sector. The company generates annual revenue of $117.753 million through cryptocurrency mining. MARA has a share price of $8.50 and a market capitalization of $2.154 billion, with a 2% increase in the last 24 hours. According to professional ratings, the stock is considered a “buy.”
- Bit Digital Inc. (NASDAQ: BTBT)
Another popular name that stands out on the list of top cryptocurrency mining stocks is Bit Digital. Founded in 2015, the company conducts operations related to digital asset mining and Ethereum staking. BTBT has a share price of $2 and experienced a 3.85% decrease in the last 24 hours. With a current market capitalization of $187.913 million, the stock is considered a strong “buy” according to professional ratings.
- Hut 8 Mining Corporation (NASDAQ: HUT)
Hut 8 Mining Corporation, a major player in Bitcoin and Ethereum mining through various mining centers, has performed well in the stock market this year. Emerging as one of North America’s largest digital asset miners, the company has become a strong player in the crypto space. HUT currently has a share price of $1.89 and a market capitalization of $507.674 million, with a 0.79% increase in the last 24 hours. According to professional ratings, HUT shares are considered a “buy.”
- Cipher Mining Inc. (NASDAQ: CIFR)
Cipher Mining Inc. is another cryptocurrency mining stock considered a strong “buy” according to professional ratings. Introduced in 2021, Cipher Mining has been actively participating in the Bitcoin mining ecosystem in the United States. With a share price of $2.38 and a 2.46% decrease in the last 24 hours, the stock is making waves in the stock market with a current market capitalization of $760.396 million.
Conclusion
The increase in cryptocurrency mining activities has boosted the value of cryptocurrency mining platforms in the stock market. Riot Blockchain, Marathon Digital Holdings, Bit Digital, Hut 8 Mining Corporation, and Cipher Mining Inc. are some of the top stocks to explore in 2023.
