MARA Vs RIOT: The Ultimate Winner For Best Returns If You Invested $1,000 In These Two Stocks When Bitcoin Was Under $17,000

The value of Bitcoin BTC/USD  surged to levels around $30,000, largely attributed to the renewed optimism for Securities and Exchange Commission (SEC) approval of ETFs, as well as positive market sentiment following the dismissal of charges against two executives of Ripple in the XRP lawsuit.

It should be noted that cryptocurrency stocks are also affected by the surge in Bitcoin’s value and are subject to price fluctuations influenced by market sentiment and regulatory developments.

Comparison: MARA vs RIOT 

In an analysis of the performance of two Bitcoin mining stocks, Marathon Digital Holdings MARA and Riot Platforms RIOT, we compared their year-to-date performances.

Marathon Digital Holdings is a digital asset technology company focused on cryptocurrency mining and generating digital assets within the blockchain ecosystem. Riot Platforms, also a bitcoin mining company that supports the bitcoin blockchain through the expansion of large-scale mining operations in the United States.

Both stocks experienced similar trends in their stock prices over the past year, with significant declines during the challenging period of 2022, often referred to as the “crypto winter.” However, a more detailed analysis of their valuations is necessary to understand why Riot has shown better returns over the past 9 months while Marathon Digital Holdings still lingers in the red.

The price of MARA stock on January 1, 2023 when Bitcoin was trading less than $17,000 was $3.40 and has now risen to $7.76, reflecting a growth rate of 128.24%. On the other hand, the price of RIOT stock stood at $3.37, and it has since increased to $8.87, representing a growth rate of 163.2%. 

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Evaluating Returns: MARA vs. RIOT

To further understand which of these stocks offers better returns, let’s compare the final value of an investment of $1,000 in both MARA and RIOT.

If you had invested a $1,000 investment in MARA you’d today be sitting on  $2,282.35, while an equivalent investment in RIOT would yield a final value of $2,632.05. As a result, the difference in returns between the two stocks amounts to $349.69.

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