Why Shares of Riot Platforms, Cipher Mining, and Marathon Digital Holdings Are Rising Today
Shares of several crypto-mining stocks rose today, thanks to positive economic data and after some company-specific news as well.
Shares of Riot Platforms (NASDAQ: RIOT) traded nearly 11.5% higher as of 11:45 a.m. ET today. Meanwhile, shares of Cipher Mining (NASDAQ: CIFR) traded 10% higher, while shares of Marathon Digital Holdings (NASDAQ: MARA) were up roughly 12.4%.
After a tough week for crypto in which the price of Bitcoin, a bellwether for the crypto industry, has fallen nearly 5% and now hovering around $28,200, as of this writing, the industry got some reasonably good news when new inflation data came out this morning.
Source Fool.com