Bitcoin Mining Public Stock Update 11/20/21

This is the first edition for our weekly market update for crypto mining stocks.

Colin Harper
Colin Harper

This week Bitcoin saw a correction from all time highs before settling around $57-58k range. Most of the mining industry followed its price lower, led by Marathon Digital who disclosed an SEC inquiry. Despite this, many public miners reported record-setting earnings, while continuing to announce fresh capital raises and new ASIC purchases.

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Header image by Maxim Hopman via Unsplash

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Head of Research and Content at Luxor Technology