Shares of Crypto Mining Companies Soar Following Bitcoin's Revival The price of Bitcoin (BTC) which has risen 25 percent in the past month has had a positive impact on crypto mining company stocks. Many crypto mining company stocks have recorded their best performance in the past year. The surge in crypto mining stocks has also come as a relief to troubled miners who will have to sell most of their mining coins to increase liquidity in 2022. Bitfarms noted the company's shares rose 140 percent in the first two weeks of the month, followed by Marathon Digital Holdings with a 120 percent jump. Hive Blockchain Technologies saw its share value nearly double in the same period, while the MVIS Global Digital Asset Mining Index rose 64 percent this month. The Luxor Hashprice Index, which is used to calculate how much miners can make from the processing power the Bitcoin network uses, has increased by 21 percent. This increase reflects greater gains due to the surge in the price of Bitcoin. Rising crypto asset prices in 2021 prompted some mining companies to go public, while others invested heavily in equipment and expansion. However, the prolonged Crypto Winter of 2022 revealed vulnerabilities and lack of proper structuring in many crypto mining companies. In 2021, the crypto market saw a significant increase in lending by the Bitcoin mining industry, which negatively impacted their financial position during the next bear market. Top Bitcoin miners are recorded as having over $4 billion in debt, while the top 10 Bitcoin mining debtors collectively owe nearly $2.6 billion. At the end of 2022, leading BTC miners such as Core Scientific filed for bankruptcy. #commodity# #EquityTrade# #technicalanalysis #technology #news #investors #intraday #investing #fundamentalanalysis #stake #markets #liquidity# #nasdaq #forex# #portfolio #trading #capital #stocks# #margins #facts #livetrading #economicnews #derivatives #globalnews #globaleconomy