What's Going On With Bitcoin Miners Riot Platforms and Marathon Digital Stocks?

Riot Platforms, Inc. RIOT and Marathon Digital Holdings, Inc. MARA shares are trading higher Friday as the recent Bitcoin BTC/USD bull run continues.

What To Know:

Shares of bitcoin-miners RIOT and MARA are climbing alongside the price of Bitcoin as investors anticipate the possible approval of Blackrock's application for a spot Bitcoin ETF.

Bitcoin is up more than 22% over the past month and is trading just below its 52-week high of $44,408.66.

JP Morgan upgraded Riot Platforms from Underweight to Neutral on Friday, and Roth MKM analyst Darren Aftahi maintained Riot Platforms with a Buy and raised the price target from $19.5 to $22.5 on Thursday.

Earlier in the week, Marathon Digital announced its November update stating that it produced 1,187 bitcoin for the month, and Riot Platforms produced 552 bitcoin in November.

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RIOT, MARA Price Action: According to Benzinga Pro, Riot Platforms shares are up by 5.14% at $15.65 and Marathon Digital shares are up 5.8% at $16.42 at the time of publication.

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