Nasdaq-Listed Bitcoin Mining Companies Record Massive Growth in 2023

Nasdaq-Listed Bitcoin Mining Companies Record Massive Growth in 2023

Nasdaq-listed Bitcoin mining companies have recorded massive growth in 2023. An impressive 11 out of 13 Bitcoin mining firms listed on Nasdaq have witnessed significant gains with more than triple-digit growth this year. Marathon Digital Holdings leads the Bitcoin miners' surge with a 767% rise since the beginning of this year.

Marathon Leads the Bitcoin Miners with 767% Surge

Bitcoin mining companies have turned the tables in turbulent 2022, with Marathon Digital Holdings leading them from the front with a surge of 757%. All 13 firms listed on Nasdaq, the electronic marketplace for securities swaps, have witnessed significant gains. Quite a significant number of these publicly traded miners have outperformed Bitcoin (BTC) this year. The block reward halving event that is expected in about 116 days, is likely to be the most important event of 2024 for mining companies and observers.

Marathon (Nasdaq: MARA) tops the list this year, rising 767% since the beginning of the year. MARA’s shares traded at USD 3.40 on January 1, 2023, and are currently trading at USD 31.07 per share. Bitfarms (Nasdaq: BITF) is trading with an uptick of 705%, climbing from USD 0.4267 in January 2023 to USD 3.51 as of today. Bit Digital (Nasdaq: BTBT) has increased by 703% this year, and Iris Energy (Nasdaq: IREN) is up by 629%.

Cleanspark (Nasdaq: CLSK) has surged 539%, Riot Platforms (Nasdaq: RIOT) has leaped 433%, and Terawulf (Nasdaq: WULF) has expanded by 332%. Hut8 (Nasdaq: HUT) has jumped by 324% against the US dollar since January, while Argo Blockchain (Nasdaq: ARBK) has increased by 312%. The mining firm Hive (Nasdaq: HIVE) has witnessed a rise of 283%, and Greenidge Generation (Nasdaq: GREE) has moved up 174% to surpass BTC’s gains.

The Industry Looks Forward to the Halving Event in 2024

Other publicly listed mining companies that experienced gains are Stronghold Digital (Nasdaq: SDIG) with a rise of 117% and Bitdeer (Nasdaq: BTDR) up by 31%. The surge in Bitcoin mining companies highlights a thriving sector while outpacing markets. Marathon Digital Holdings' with the massive growth story is followed by a range of impressive expansions. The industry looks forward to the much-awaited halving event in 2024.

What is your take on the publicly listed mining companies and their market performances this year? Please share your thoughts and opinions in the comments section below.