Bitcoin Mining Stocks Eclipse Tech Giants

In a remarkable shift, Marathon Digital’s shares have soared in demand, eclipsing even tech titans Tesla and Apple. Over the past day, an astounding 105.7 million shares of Marathon Digital were snapped up by traders, compared to Tesla’s 105.5 million and Apple’s 47.9 million. Despite trailing in share trading volume, the value of Marathon’s purchased assets reached $2.2 billion, while Tesla’s turnover exceeded $27 billion, according to Happycoin.

This surge in interest isn’t isolated to Marathon Digital. Riot Platforms, another Bitcoin mining entity based in Texas, ranked sixth in the number of securities sold. The rising popularity of Bitcoin miner stocks signals investor confidence in Bitcoin’s potential growth, especially with the anticipated approval of spot ETF applications.

Marathon Digital is aggressively expanding, planning to acquire two mining farms for $179 million. Riot Platforms has invested $291 million in Bitcoin mining equipment, betting big on the cryptocurrency’s appreciation.