RIOT - Bitcoin Mining Stocks Are Rising Monday: What's Going On? | Benzinga
Shares of several Bitcoin (CRYPTO: BTC) mining stocks including Marathon Digital Holdings Inc (NASDAQ: MARA), Riot Platforms Inc (NASDAQ: RIOT) and CleanSpark Inc (NASDAQ: CLSK) are trading higher Monday amid strength in the price of Bitcoin on the heels of the latest halving event.
What Happened: The halving is a programmed process in the bitcoin protocol that occurs every 210,000 blocks, or approximately every four years. On Friday, the bitcoin network completed its fourth halving event, marking a significant reduction in the amount of rewards miners receive for successfully mining transactions. Miner rewards were reduced from 6.25 bitcoin to 3.125 bitcoin.
Bitcoin has been volatile leading up to ...