Cryptocurrency-linked stocks rose Wednesday as Bitcoin headed for its biggest monthly gain since 2019, extending a rally that’s seen some companies’ shares more than quintuple since the end of October.
Marathon Patent Group Inc., which has soared 444% over the past two months, added another 4.4% Wednesday. Riot Blockchain Inc. rose as much as 7.1% Wednesday after gaining 383% since Oct. 30. And Bit Digital Inc., which surged 81% on Monday alone, jumped another 31%.
Canadian-listed Hive Blockchain Technologies gained as much as 6% early Wednesday, with shares nearly doubling since the start of December. Also, Mike Novogratz’s Galaxy Digital Holdings rose another 3.4%, pushing the shares more than 60% higher since the start of the month.
41 Stocks Moving in Monday s Pre-Market Session Benzinga 12/28/2020
Gainers
Nxt-ID, Inc. (NASDAQ: NXTD) shares rose 57.3% to $1.95 in pre-market trading after declining over 2% on Thursday.
Phunware, Inc. (NASDAQ: PHUN) rose 36.6% to $1.38 in pre-market trading.
Peabody Energy Corporation (NYSE: BTU) shares rose 34.7% to $2.31 in pre-market trading after declining over 7% on Thursday.
Color Star Technology Co., Ltd. (NASDAQ: CSCW) rose 30.6% to $0.9270 in pre-market trading after jumping more than 36% on Thursday.
Marathon Patent Group, Inc. (NASDAQ: MARA) rose 30.4% to $14.24 in pre-market trading amid strength in Bitcoin prices.
Ocugen, Inc. (NASDAQ: OCGN) shares rose 30.1% to $2.29 in pre-market trading after declining 32% on Thursday. The company reported the appointment of a vaccine scientific advisory board.
Marathon Patent Group Purchases 70,000 S-19 ASIC Miners from Bitmain for $170 Million Upon Delivery and Full Deployment, the Company’s Mining Operations Will Consist of More than 103,000 Miners Producing 10.36 EH/s Marathon Patent Group, Inc.
LAS VEGAS, Dec. 28, 2020 (GLOBE NEWSWIRE) Marathon Patent Group, Inc. (NASDAQ:
MARA) ( Marathon or the Company ), one of the largest enterprise Bitcoin self-mining companies in North America, has entered into a contract with Bitmain to purchase 70,000 Antminer S-19 ASIC miners.
Under the terms of the agreement, Marathon anticipates receiving an initial batch of 7,000 S-19 miners in July 2021 and the final shipment in December 2021. Once all miners are fully deployed, the Company’s mining fleet will consist of more than 103,000 miners capable of producing 10.36 EH/s. This landscape changing purchase of these miners more than triples the size of Marathon’s existing fleet of 33,000 miners.
Marathon Settles Record-Breaking ASIC Acquisition, Buys 70,000 High Performance Bitcoin Miners
On December 28, the publicly listed firm Marathon Patent Group announced the purchase of 70,000 Antminer S19 bitcoin miners from Bitmain for $170 million. Marathon expects the shipments to complete in 2021, giving the mining operation over a hundred thousand ASIC miners or more than ten exahash of hashpower.
Marathon Patent Group, Inc. (NASDAQ:MARA) revealed the company is dedicating a lot of capital toward the bitcoin mining industry. On Monday, Marathon announced one of the largest mining rig purchases to-date, as the firm has purchased 70,000 Antminer S19 bitcoin miners from Bitmain. The purchase will cost $170 million according to Marathon’s announcement on Monday morning.
36 Stocks Moving in Thursday s Pre-Market Session Benzinga 12/24/2020
Gainers
Senseonics Holdings, Inc. (NYSE: SENS) shares rose 79.7% to $1.16 in pre-market trading after the company lifted its sales guidance for the fourth quarter. The company said it now expects Q4 net sales of $3.5 million, versus prior forecast of $2.5 million.
Avinger, Inc. (NASDAQ: AVGR) rose 70.5% to $0.59 in pre-market trading after the company reported annual meeting results. The company’s stock climbed over 13% on Wednesday.
BIOLASE, Inc.. (NASDAQ: BIOL) rose 60.4% to $0.53 in pre-market trading. BIOLASE, last week, announced a collaboration with BMW Performance Center West.
Guardion Health Sciences, Inc. (NASDAQ: GHSI) rose 45.4% to $0.54 in pre-market trading after gaining more than 42% on Wednesday. Guardion Health Sciences, last week, announced the development of its new vision support/energy drink, Epiq-V.