CIFR - Why Crypto Miner Stocks Rocketed Higher This Week
2023-09-01 18:11:00 ET
This week was generally a good one for cryptocurrencies, so it followed that crypto mining stocks also saw price increases. According to data compiled by S&P Global Market Intelligence , some of the top names in the segment landed in positive territory over the course of the week.
These included Riot Platforms (NASDAQ: RIOT) , with its nearly 7% gain; Marathon Digital Holdings ' (NASDAQ: MARA) more impressive 14% rise; Bitfarms (NASDAQ: BITF) and Hut 8 Mining (NASDAQ: HUT) both increasing at around 4%; and Cipher Mining (NASDAQ: CIFR) bringing up the rear with a 1%-plus bump.
Crypto investors -- of both coins/tokens directly and, indirectly, with miners -- were encouraged by this week's major pieces of economic news.
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Why Crypto Miner Stocks Rocketed Higher This Week