Why Bitcoin Mining Stocks Are Trading Higher Today

Shares of several bitcoin mining stocks such as Marathon Digital Holdings, Inc. MARA, Riot Blockchain, Inc. RIOT and Canaan Inc. CAN are trading higher amid a bounce-back increase in the price of Bitcoin.

Marathon Digital Holdings focuses on mining digital assets and owns crypto-currency mining machines. The stock is trading approximately 4% higher at $22.60 per share on Thursday at the time of publication. The stock has a 52-week high of 57.75 and a 52-week low of $0.41.

Riot Blockchain operates in a single segment of cryptocurrency mining. The stock is trading approximately 4% higher at $25.12 per share. The stock has a 52-week high of 79.50 and a 52-week low of $1.03.

Canaan is the manufacturer of digital blockchain computing equipment. The stock is trading approximately 2% higher at $8.70 per share. The stock has a 52-week high of 39.10 and a 52-week low of $1.76.