Hive Leads Crypto Mining Stocks Higher as Bitcoin Hits All-Time-High
Crypto miners, whose shares are most levered to bitcoin prices, surged on Wednesday after the price of the largest cryptocurrency hit an all-time high, trading above $66,000 for the first time.Canada-based bitcoin miner Hive Blockchain Technologies (HIVE), which mines in cooler temperature regions and uses low-cost, renewable energy for its operations, was the best performer among mining stocks, rising more than 7%. Fellow miners Hut 8 Mining (HUT) and Riot Blockchain’s (RIOT) both advanced more than 3%, while Marathon Digital (MARA) climbed slightly. Stronghold Digital (SDIG), a bitcoin miner billing itself as an environmentally beneficial operator with access to cheap…