BTC mining stocks surge as Bitcoin breaks $25k

Quick Take

So far, 2023 has been a great year for Bitcoin miners as the hash rate and price has surged. As a result, share prices have soared YTD;

• Iris Energy Limited: 270%
• Bitfarms Ltd: 170%
• Hut 8: 158%
• Bit Digital Inc.: 138%
• Marathon Digital Holdings Inc: 139%
• HIVE Blockchain Technologies Ltd: 133%
• Riot Platforms Inc: 105%
• Stronghold Digital Mining Inc: 72%
• CleanSpark Inc: 51%
• BTCUSD: 50%

Hash Rate extends all-time high

• Bitcoin hash rate also continues to make new all-time highs, surpassing 312 TH/s as of Feb. 16.
• While seeing back-to-back positive adjustments, 37% up on Feb. 14, and 16% up on Feb. 15.

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