Crypto Mining Stocks Rally as Bitcoin Surges Past $44,000

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The publicly traded miners, each giant and small, have rebounded in February as the value of bitcoin has began to rebound after hitting a 2022 low of round $33,000 in January. Marathon Digital (MARA), one of many largest miners, has risen virtually 30% since hitting its Jan. 27 low. In the meantime, Core Scientific (CORZ), which went public earlier this year and has one of many highest hashrates within the business, has risen greater than 50% since its Jan. 21 low. Nevertheless, each shares are nonetheless a good distance from the peaks they reached in November.

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