RIOT - Why Riot Blockchain SOS and Canaan Had One Heck of a Good Week
Crypto miners and crypto mining-related stocks have seen impressive interest over the past week. Since last week's close, Riot Blockchain (NASDAQ: RIOT) , SOS Limited (NYSE: SOS) , and Canaan (NASDAQ: CAN) appreciated 5.8%, 14.7%, and 7.4%, respectively, as of 11:30 a.m. ET Friday.
Much of this positive sentiment appears to be tied to the price of Bitcoin , which surged to nearly $45,000 per token Friday morning. Crypto mining companies' valuations tend to reflect the moves in the price of Bitcoin, for various reasons.
Image source: Getty Images.
For further details see:
Why Riot Blockchain, SOS, and Canaan Had One Heck of a Good Week