MGTI - Bit Digital stock soars 35% to highest level since mid-September as bitcoin tops $50K

Cryptocurrency miner Bit Digital (NASDAQ:BTBT) shares surge by as much as 36% on Tuesday, just a week after the stock fell nearly 20% following the company's capital raise. So far, shares of BTBT are breaking out of $10 per share, a level not seen since mid-September, to as high as $10.26. At Monday's close, though. BTBT had fallen 17% in the previous five sessions, down 41.5% M/M, but up 88% Y/Y. It appears the crypto miner is underperforming bitcoin (BTC-USD +3.7%) in the past month and Y/Y by a relatively wide margin, according to the chart below.  Last month, the company inked a co-mining agreement with Blockfusion, which is expected to boost BTBT's hashrate by up to ~1.2 exahash. Some other crypto-related stocks trading in the green amid general digital token price swings include: The9 Limited (NCTY +10.3%), Hut 8 Mining (HUT +6.2%), ISW Holdings (OTCPK:ISWH +25.0%), iMining Technologies (OTCPK:IBKKF +7.9%), Digihost

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Bit Digital stock soars 35% to highest level since mid-September as bitcoin tops $50K