Bitcoin mining stocks soar: Here’s what you need to know
Bitcoin mining stock s have outperformed BTC prices in the last year. Discover why this has happened and explore the top-performing Bitcoin mining stock s in this guide. The Bitcoin (BTC) market has registered a year-to-date (YTD) appreciation of 75%. Despite its performance, the cryptocurrency’s price has been surpassed by the price of Bitcoin mining stocks. These stocks, which provide a way into Bitcoin without needing direct ownership, have seen their value surge more than 200% YTD, with the upswing coming from positive regulatory developments involving the possible approval of BlackRock’s spot Bitcoin exchange traded fund (ETF). The development has sparked interest in Bitcoin mining stocks, and here we give a brief overview of the sector. Bitcoin mining stocks: what are they? While anyone can engage in BTC mining, the process is often expensive and energy-intensive and has become the forte of several giant Bitcoin mining companies. These firms own large-scale computer opera