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- 1 Crypto mining stocks are flourishing in the stock market with their matchless performance.
- 2 Some of the fastest-growing crypto mining stocks strengthened the crypto marketplace as well as the stock market.
No one ever imagined that solving complex puzzles and validating cryptocurrency transactions hold the potential to boom the stock market. All credit goes to crypto mining platforms which constructed a strong position in the crypto space as well as added economic support to the stock market.
Here is the list to discover the fastest-growing crypto mining stocks for maximum gains.
Riot Blockchain (NASDAQ: RIOT)
Another platform that is booming in the crypto space as well as the stock market in 2023 is Riot Blockchain. The platform was founded in 2000 and is heavily engaged in practices related to Bitcoin mining, engineering, and Data center hosting. Currently, RIOT stock price is at $11.38, a hike of 1.25% in the past 24 hours with a market cap of $2.109 Billion. Based on the current performance, the stock is a strong buy as per an aggregate view of professional ratings.
Marathon Digital Holdings (NASDAQ: MARA)
Marathon Digital Holdings, a digital asset technology company founded in 2010 is all set to rock the crypto space. The company is engaged in offering mining cryptocurrencies, generating an annual revenue of $117.753 Million. MARA stock price is at $12.36, an upsurge of 2.49% with a market cap of $2.154 Billion. The stock is a “buy” as per professional ratings.
Bit Digital Inc. (NASDAQ: BTBT)
Another popular name highlighted in the list of top crypto mining stocks is Bit Digital. Established in 2015, the firm is engaged in digital asset mining and Ethereum staking-related operations. BTBT stock price is $2.21, a decline of 1.36% in the past 24 hours. With a current market cap of $187.913 Million, the stock is a strong buy as per the professional ratings.
Hut 8 Mining Corporation (NASDAQ: HUT)
Hut 8 Mining Corporation, a giant player in Bitcoin and Ethereum mining through diverse mining centers, performed well in the stock market this year. It is one of North America’s biggest digital asset miners, emerging as a powerful player in the crypto space. HUT stock price is currently at $2.2900, an upsurge of 0.43% with a market cap of $507.674 Million. HUT stock is a “buy” as per professional ratings.
Cipher Mining Inc. (NASDAQ: CIFR)
Another crypto mining stock that is a strong “buy” as per the professional’s ratings is CIFR. Cipher Mining Inc. was introduced in 2021 and is heavily engaged in the Bitcoin mining ecosystem in the US. With a stock price of $3.03, a hike of 3.06% in the past 24 hours, the stock is rocking the stock market. With a current market cap of 760.396 Million, the stock can give good returns in 2023.
Conclusion
The upsurge in crypto mining activities simply boosted the value of crypto mining platforms in the stock market. Riot Blockchain, Marathon Digital Holdings, Bit Digital, Hut 8 Mining Corporation, and Cipher Mining Inc. are some top stocks to discover in 2023.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
