Review: Cryptocurrency Miners Announce Benchmark Cryptos in the U.S. Market

On August 10, CoinDesk announced that cryptocurrency miners had profited from the Bitcoin rally, outperforming the most profitable cryptocurrency in the U.S. market. Over the past year, shares of two cryptocurrency mining companies, Riot Blockchain and Marathon Patent Group, have risen over 97% and 128%, respectively, while Bitcoin has risen 3% over the past year. same period. Both companies slightly outperformed Bitcoin in Q1 2020, but have recovered since mid-April. The size of the two companies indicates the small size of the crypto space, and does not reflect a market capitalization of more than $ 150 million. Ryan Watkins, Bitcoin analyst at Messari, said the "new challenge out of interest in cryptocurrencies" was one of the reasons for recent competition in miners. “With the growth of cryptocurrencies, crypto mining stocks are still growing,” he said. Riot and Marathon are currently operating at 357 PH and 19 PH per second. The performance of both companies is supported by market data.