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Author: Admin | 2025-04-28
Bitcoin mining stocks look positioned to thrive as demand for crypto mining infrastructure grows. The price of Bitcoin (BTC-USD) has been rising to over $70,000 in recent months after clawing its way back to the top from a significant fall in 2022. Therefore, the crypto markets appear ripe for steady, sustainable growth going forward. This bodes well for the shovels and picks of the crypto gold rush. These are the companies building and operating the specialized computing hardware and facilities needed to mine Bitcoin.Savvy investors should research mining stocks with exposure to this high-upside secular growth theme. Companies with specialized rigs or turnkey hosting services will capture value as crypto mining infrastructure demand scales. The picks and shovels of the 21st-century gold rush offer promising exposure to crypto adoption with the operations leverage to drive strong profitability.Marathon Digital Holdings (MARA)Source: rafapress / Shutterstock.comAs one of the largest publicly traded Bitcoin mining stocks, Marathon Digital Holdings (NASDAQ:MARA) utilizes high-performance computers to validate transactions on the Bitcoin network and earn newly created Bitcoin as a reward. Therefore, this core business of mining Bitcoin gives Marathon Digital multiple ways to generate income.In the first quarter of 2024, Marathon Digital produced 2,811 bitcoins and generated revenues of $165.2 million. With Bitcoin prices rising to $71,289 during the quarter, the company was able to achieve net income of $337.2 million. Additionally, adjusted EBITDA came in at $528.8 million. Therefore, this represented substantial growth over the prior year.Additionally, Marathon Digital also held 15,741 Bitcoin on its balance sheet at the end of March 2024. This equates to a value of over $1 billion at current prices.Plus, beyond Bitcoin mining rewards, Marathon Digital generates hosting revenue by providing data center space for other miners’ equipment. Additionally, the company introduced new products in 2024 like Slipstream, custom mining firmware called MARAFW and an immersion cooling system to drive further innovation and diversify income streams in the Bitcoin ecosystem.With hash rate expected to double to 50 exahashes per second in 2024, Marathon Digital is aggressively expanding. Its recent data center acquisitions have boosted mining capacity to over 1 gigawatt. Therefore, as a sector leader in Bitcoin growth, Marathon Digital remains one of the top Bitcoin mining stocks.Riot Blockchain (RIOT)Source: rafapress / Shutterstock.comAs another one of the largest publicly traded Bitcoin mining stocks, Riot Blockchain (NASDAQ:RIOT) stands out as a top pick for investors looking to capitalize on the growth
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