{"id":32659,"date":"2020-12-01T17:36:55","date_gmt":"2020-12-01T15:36:55","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=32659"},"modified":"2025-08-28T09:48:19","modified_gmt":"2025-08-28T06:48:19","slug":"mining-giants-shares-rise-as-bitcoin-climbs-toward-20000","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/mining-giants-shares-rise-as-bitcoin-climbs-toward-20000\/","title":{"rendered":"Mining giants’ shares rise as Bitcoin climbs toward $20,000"},"content":{"rendered":"

As Bitcoin price climbs toward $20,000, shares of mining companies Riot Blockchain, Marathon Patent Group and Canaan surged.<\/p>\n

Riot Blockchain, the Nasdaq-listed mining company, saw its shares rise 160% in November, reaching an all-time high of $8.45.<\/p>\n

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Riot Blockchain stock-price trajectory. Data: Yahoo Finance.<\/p>\n<\/div>\n

Shares of Las Vegas-based Marathon Patent Group rose 190% over the same period. Since the start of the year, the MARA stock has surged more than 600%.<\/p>\n

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Data: Yahoo Finance<\/p>\n<\/div>\n

Canaan also closed November strongly, with ADRs up a record 140%.<\/p>\n

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Data: Yahoo Finance<\/p>\n<\/div>\n

HashR8 developer Thomas Heller noted that Riot Blockchain’s growth comes as the company accumulates thousands of high-performance mining devices.<\/p>\n

\n

“Riot expects to acquire a total of 22,640 miners, with deployment scheduled for June 2021. The majority of devices are the S19 Pro. Along with the M30S++, the S19 Pro miners are the most powerful and efficient on the market,” the specialist stressed.<\/p>\n<\/blockquote>\n

ForkLog previously reported a sharp drop in Canaan’s shares. In September, the Chinese company directed<\/a> $10 million toward a share buyback.<\/p>\n

Follow ForkLog’s news on Twitter<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

As Bitcoin price nears the $20,000 mark, mining companies Riot Blockchain, Marathon Patent Group and Canaan posted significant gains.<\/p>\n","protected":false},"author":1,"featured_media":32660,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[845,1137,1185,1186,1211],"class_list":["post-32659","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-canaan","tag-cryptocurrency-mining","tag-marathon-digital-holdings","tag-riot-platforms","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"136","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/32659","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=32659"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/32659\/revisions"}],"predecessor-version":[{"id":32661,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/32659\/revisions\/32661"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/32660"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=32659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=32659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=32659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}