{"id":36591,"date":"2021-02-17T14:39:24","date_gmt":"2021-02-17T12:39:24","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=36591"},"modified":"2025-08-29T07:06:42","modified_gmt":"2025-08-29T04:06:42","slug":"mining-company-shares-surge-amid-bitcoin-rally","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/mining-company-shares-surge-amid-bitcoin-rally\/","title":{"rendered":"Mining-company shares surge amid bitcoin rally"},"content":{"rendered":"

Trading on February 16 saw US-listed shares of Bitcoin mining equipment manufacturers and mining firms posting double-digit gains. Some hit all-time highs.<\/p>\n

Investors pushed up the shares of these companies as the first cryptocurrency approached the psychological level of $50,000. On February 17, the price broke through this resistance<\/a>, which promises a continuation of the rally in mining-company shares. The pre-market environment signaled an open with a gap up.<\/p>\n

On the eve, Marathon Patent Group’s market capitalisation approached $4 billion. The shares rose 13.3% for the day. Since the start of the year they have climbed 317.2%, against a 70% rise in Bitcoin’s price.<\/p>\n

\"Mining-company<\/p>\n

Intraday chart of Marathon Patent Group shares. Data: Finviz<\/a>.<\/p>\n<\/div>\n

Riot Blockchain shares jumped 20.74%, year-to-date up 250.2%. The market values the company at about $2.65 billion.<\/p>\n

\"Intraday<\/p>\n

Intraday chart of Riot Blockchain shares. Data: Finviz<\/a>.<\/p>\n<\/div>\n

Leading the group were the shares of one of the oldest ASIC hardware makers, Canaan Creative, which rose by more than 50% (year-to-date +231.2%). The Chinese mining-hardware maker’s market capitalisation surpassed $2.5 billion.<\/p>\n

\"Intraday<\/p>\n

Intraday chart of Canaan shares. Data: Finviz<\/a>.<\/p>\n<\/div>\n

Shares of another Chinese Bitcoin mining equipment maker, Ebang International Holdings, rose 17.8%. Market capitalization rose to $728.2 million.<\/p>\n

\"Intraday<\/p>\n

Intraday chart of Ebang International shares. Data: Finviz<\/a>.<\/p>\n<\/div>\n

Shares of 500.com Limited, an online lottery services provider, which yesterday acquired the BTC.com mining pool<\/a> from one of Bitmain co-founders Jihan Wu, rose 35.1%.<\/p>\n

\"Intraday<\/p>\n

Intraday chart of 500.com Limited shares. Data: Finviz<\/a>.<\/p>\n<\/div>\n

Bitcoin miners’ revenues for the previous week reached $354 million, a record since December 2017<\/a>. On February 11, the analytics service Glassnode reported a rise of the hourly indicator above $4 million. Experts called this result the highest in the history of the first cryptocurrency.<\/p>\n

In January 2021, bitcoin miners’ revenues totaled $1.09 billion<\/a> and approached the peak last seen in December 2017.<\/p>\n

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

Trading on February 16 saw US-listed shares of Bitcoin mining equipment manufacturers and mining firms posting double-digit gains. Some hit all-time highs.<\/p>\n","protected":false},"author":1,"featured_media":36592,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1137,1211],"class_list":["post-36591","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"41","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36591","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=36591"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36591\/revisions"}],"predecessor-version":[{"id":36593,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36591\/revisions\/36593"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/36592"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=36591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=36591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=36591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}