Discover the composition of my portfolio. Follow me to discover my investments! Mining stocks split as investors reward revenue diversification
Meanwhile, Bitcoin mining stocks have been diverging as investors increasingly favor firms with revenue streams beyond Bitcoin mining, TheMinerMag said.
While Bitcoin increased 1.35% between May 4 and June 13, IREN (IREN) soared 21.4% over the same time frame, with Core Scientific (CORZ), Bit Digital (BTBT), and Cipher Mining (CIFR) also posting double-digit gains.
In contrast, Canaan (CAN) and Bitfarms (BITF) have been the worst performers, each falling by over 21%.