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Cryptocurrency mining stocks are gaining popularity in recent times.
Since the time the cryptocurrency market took off, mining companies are making huge profits around the world. Instead of buying Bitcoin or Ethereum, experienced crypto investors are buying crypto mining stocks the same way people buy gold mining stocks. These crypto mining stocks experience lesser market volatility. If you want to invest in cryptocurrencies, mining stocks are risk-free alternatives.
Best Cryptocurrency Mining Stocks
Riot Blockchain:
Riot Blockchain has its operations in New York and the company buys, sells, and provides accounting audit, and verification services for blockchain assets. In 2020, Riot produced 1,005 Bitcoins and in 2021, till now, it produced 43% more Bitcoins. Experts assume that Riot will reach a run rate of 250 Bitcoins per month by October 2021.
Hive Blockchain Technologies:
Hive Blockchain Technologies is a Vancouver-based crypto mining company with operations spread across Canada, Sweden, and Iceland. The company’s first-quarter reported that it generated US$13.7 million Bitcoins and Ethereum’s combined.
Hut 8 Mining Corp :
Hut 8 is a profitable Bitcoin mining company and has a big Bitcoin portfolio. Since its inception, the company is up by 173% as it has one of the highest installed mining capacities. According to experts, Hut 8 is one of the top 5 largest holders of self-mined Bitcoin of publicly traded companies in the world.
Bit Digital :
This is one of the most preferred Bitcoin mining companies. As of January, the company was produced 424.7 Bitcoins and at US$58,000 per Bitcoin, the company makes US$24.59 million or US$295.1 million annually.
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