Bitcoin Miners Bit Digital, Canaan, and SOS Are Flying High This Week

This week has been very positive for Bitcoin (CRYPTO: BTC) miners. While the price of Bitcoin moved 3.4% higher over the past seven days, as of 12:15 p.m. ET, Crypto miners Canaan (NASDAQ: CAN), Bit Digital (NASDAQ: BTBT) and SOS (NYSE: SOS) saw elevated gains. These top cryptocurrency miners appreciated 17.6%, 9.5%, and 3.7% respectively, since Friday's close, at 12:15 p.m. ET.

This week's move appears to be mostly driven by higher Bitcoin prices. However, for Chinese crypto miners Canaan and SOS, positive export data and surging equity prices in China have also bolstered two of these crypto miners.  

Image source: Getty Images.

Continue reading

Source Fool.com