BTC mining stocks double in a month as production ramps

Crypto mining companies have seen their stock prices increase by 120% over the last month. Crypto mining companies Marathon Digital Holdings at 124.12%, Core Scientific at 110.39%, Hut 8 at 98.95% and Riot Blockchain at 96.69% have seen their stock prices rocketing upward over the last 30-days.

In a Q2 results filing on Thursday, Core Scientific reported that Q2 revenue rose 118% year-on-year to $164 million, driven by increased digital mining revenue and hosting revenue. Hut 8 Mining Corp. also saw its mined Bitcoin increase in the quarter, up 71% compared to the prior-year period to a total of 946 mined BTC.