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Why Crypto-Mining Stocks Are Soaring This Week

TheMotleyFool

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Why Crypto-Mining Stocks Are Soaring This Week: https://g.foolcdn.com/editorial/images/764729/cryptocurrency-confusion.jpg

Several crypto-mining stocks surged sky-high this week. Measured from last Friday's closing bell to today's market open, data from S&P Global Market Intelligence shows Riot Platforms (NASDAQ: RIOT) gaining 23%, Marathon Digital Holdings (NASDAQ: MARA) rising by 28%, and CleanSpark (NASDAQ: CLSK) leading the pack with a 56% jump.

They all specialize in mining Bitcoin tokens, and the largest cryptocurrency's price increased by 10% over the same period. Here's why crypto-mining stocks outperformed the actual digital resource this week.

CleanSpark is a special case this week, as you might have guessed from its massive price jump.

Source Fool.com

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