Why Bitcoin Miners Marathon, Riot, and CleanSpark Soared in February
Leading cryptocurrency mining specialists saw skyrocketing stock returns in February 2024. According to data from S&P Global Market Intelligence, Riot Platforms (NASDAQ: RIOT) posted a 29.5% gain while Marathon Digital Holdings (NASDAQ: MARA) rose by 46.1%. CleanSpark (NASDAQ: CLSK) led the charge with a 107.7% jump.
All three rode the coattails of Bitcoin (CRYPTO: BTC), the largest and oldest cryptocurrency on the market and the actual digital asset Marathon, CleanSpark, and Riot are generating in their daily operations. Bitcoin's price increased by 45.9% last month. On top of that, the three Bitcoin miners all reported fourth-quarter results in February, and each report either boosted or busted the crypto mining sector's returns to some degree.
First, Bitcoin is sandwiched between two robust price-boosting catalysts.
Source Fool.com
