RIOT - Is It Time To Buy Bitcoin Mining Stocks? | Benzinga
The Bitcoin mining sector may present a promising investment opportunity despite the challenges posed by the recent Bitcoin halving, a recent 10x Research newsletter suggested.
What Happened: The report by 10x Research, authored by Markus Thielen, sees mining stocks on the verge of a significant upswing, thanks to the Bitcoin (CRYPTO: BTC) network showing resilience following the last halving event.
The halving, coupled with the launch of Runes—allowing users to mint tokens on the Bitcoin network—temporarily increased transaction fees, generating over $135 million in fees in the first week.
While this spiked the mining difficulty and reduced daily miners’ revenue from $70 million to $30 million, the industry is beginning to stabilize.
Thielen notes, "Bitcoin miners' revenue has marginally increased to $35 million, indicating a small distress signal to investors. However, listed miners have increased their holdings from 39,000 BTC in ...