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Bitcoin Mining Stocks Are Crushing Tech Stock Prices in 2023

Bitcoin mining stocks have outperformed tech stocks and indexes in 2023, with 20 leading mining firms seeing their stocks double or more this year, according to BTC mining expert Jaran Mellerud. Core Scientific is the best-performing Bitcoin mining firm so far in 2023, with a gain of 455%, followed by Digihost, Cipher, Riot, Iris Energy, and Marathon. These gains have outpaced Bitcoin itself and the top tech stocks, with the tech-heavy NASDAQ 100 Index only managing a 20% gain so far this year. Mellerud predicted that if BTC price increased by an additional 40%, most mining stocks would rise by more than 50% from today's level.

(By Martin Young)

Bitcoin Bitcoin $92,938.36
-2.92%
bitcoin mining
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