These 4 Stocks Continue to Rally Around Bitcoin
There are four stocks that I know of trading that are fully related to bitcoin and mining it. These stocks have continued to rally and I honestly don't see an end to it any time soon. The reasons being bitcoin is expected to continue to climb in price this year. On top of that there is no halving event for about another 3 years. This gives these mining juggernauts some time to really pump things up and earn more bitcoin.
#1 Riot Blockchain Inc. (RIOT)
I've wrote about this stock in the past and how it's directly related to the price of bitcoin. Just like with any of these stocks if you feel the price of Bitcoin is going to keep going up then you're most likely in good hands with these stocks. Currently waiting on Q4 earnings.
#2 HIVE (HIVE.V)
It might just be me but I think you're better off investing in HIVE the cryptocurrency ;) However this is one of the lower end stocks coming in at just $4.69. Last quarter this company generated $13.7 Million in bitcoin mining.
#3 Marathon Digital Holdings Inc. (MARA)
One of the medium ends stocks priced at $43.05 it's one I feel out of the bunch that could have the biggest upside to come.
#4 HUT 8 Mining Crop. (HUTMF)
This company is primed for a rally in the next few days I believe. They recently paid off all of their loans which were used to start up the company which means MORE PROFITS! This coupled with the increasing demand and rally on Bitcoin should spell short term gains for this company.
*This article is not investment advice it is for entertainment purposes only.
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https://twitter.com/bitcoinflood/status/1373195681918291968
lol fucking Hut 8, the only company allowed to have a big crypto mine in Canada for the most part, everyone else takes fucking years to get a license, they just get to jerk off medicine hat city council and go hard with solar electric.
lol, they might be up to shady crap like that but still doesn't mean you can't profit off it! Best way to stick it to them is continue to build your own value and assets
Truth be heard. I just figured I would say that because not many people know they get preferred treatment here.
I didn't know of HUTMF but I generally do not trade OTC stuff. I also passed on HIVE.V as well because its on the TSX when I did googled it in the past. Therefore I have only been trading RIOT and MARA though I tend to trade RIOT more. When we had that huge run up, I made a decent chunk of profits on RIOT options but I took profits and haven't gotten back in since.
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Of these four, I only know HIVE
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