Public mining firm Riot Blockchain has more than tripled its year-to-date Bitcoin production.
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Public mining firm Riot Blockchain has more than tripled its year-to-date Bitcoin production.
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One of the crypto mining stocks delivered more than 1,600% returns year-over-year (YoY) while Bitcoin’s gains in the same period came out to be around 290%.
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SEC filings reveal that BlackRock has invested almost $400 million into Riot Blockchain and Marathon Digital Holdings stock.
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The shares have been spread across four of Fidelity’s index-based funds.
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Marathon plans to divert all hash power to its new, regulatory compliant Bitcoin mining pool from May 1.
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While Bitcoin is up 900% in the last 12 months, shares in the four largest publicly-traded mining firms are up 5,000% over the same period.
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