- Cryptocurrency miners are soaring on Friday as Bitcoin recovers from its recent fall.
- Shares of Marathon Patent Group, Riot Blockchain, and Bit Digital all jumped double digits on Friday before paring gains.
- Bitcoin was up as much as 15% before falling slightly.
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Crypto mining stocks-including Marathon Patent Group, Riot Blockchain, Bit Digital, and others-are soaring on Friday as Bitcoin’s recovery continues.
Crypto miners saw their share prices plummet through January after Bitcoin fell from January 8 highs of over $40,000, momentarily dropping below $30,000 this week for the first time since Jan 2.
In the past two days though Bitcoin has recovered over 20%, and crypto mining stocks are soaring in response.
Shares of Marathon Patent Group were up as much as 20%, Bit Digital was up as much as 18%, and Riot Blockchain was up as much as 21% on the day before the stocks pared gains.
Bitcoin was up as much as 15%.
The big jump for crypto miners and for Bitcoin