Bitcoin Mining Stocks May Soon Outperform BTC In Near Term, Here’s Why

Quick Summary:

Along with the sharp recovery in the Bitcoin price over the past three weeks, stocks of the Bitcoin mining firms have also joined the recovery process.

Stocks of the public-listed crypto mining firms took a major hit following the Bitcoin halving event in April.

This was mainly because investors sold the stocks in anticipation of declining mining revenues/rewards, and growing costs post the halving event.

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Article Details

Author / Journalist: Bhushan Akolkar

Category: Crypto

Markets: India

Topics: Bitcoin News Bitcoin (BTC) Price BTC price Northern Data Bitcoin Miner Bitcoin mining 24/7 Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-22 @ 12:14:14 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 393 words

Reading Time: 3 minutes read

Sentences: 36 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 21727462

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 22 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #59

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