Bitcoin mining companies defy market trend with positive gains

Bitcoin mining companies demonstrate resilience amidst Bitcoin downturn

Former Lead Analyst CryptoSlate

Published Mar. 3, 2023 at 6:23 pm GMT

This article was published 3 years ago. Some details may no longer reflect current market conditions or recent developments. If you spot anything that needs an update, contact us.

Make preferred on

Following the news of Silvergate Capital and the liquidations that occurred on March 2 through to March 3, Bitcoin is down 4.5%; however, Bitcoin mining stocks are bucking the trend.
Iris Energy Limited: 6.43%
Bitfarms Ltd: 1.68%
Hut 8: 3.25%
Bit Digital Inc.: 2.50%
Marathon Digital Holdings Inc: 7.46%
HIVE Blockchain Technologies Ltd: 0.74%
Riot Platforms Inc: 6.53%
Stronghold Digital Mining Inc: -0.02%
CleanSpark Inc: 3.43%
BTCUSD: -4.51%

Miner Share Price: (source: TradingView)

Advertise with CryptoSlate

Mentioned in this article

Bitcoin

James Van Straten

Former Lead Analyst CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.

View profile

Advertise with CryptoSlate

Our writers' opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies. For more information, see our company disclaimers.

Transparent criteria Scores and takeaways are organized around clear evaluation signals.

Editorial analysis Pros, cons, and context help separate claims from tradeoffs.

Broad category coverage Explore exchanges, wallets, casinos, cards, IRAs, and more.

Built for comparison Review categories make it easier to compare related products.

Guide Series

Recent Guides

Guide Categories

Bitcoin mining companies defy market trend with positive gains

Quick Take

Bitcoin mining companies defy market trend with positive gains

Quick Take

Related coverage

Metaplanet outpaces Strategy with significant Bitcoin acquisition despite share slump

Bitcoin’s volatility drops below Nasdaq 100 firms as maturation marks milestone

Bitcoin jumps to $113k as US producer prices shock with surprise August drop