Cryptocurrency-focused companies jumped as an Elon Musk tweet helped lift bitcoin to its highest point in over two weeks.
Riot Blockchain announced on Monday that it produced 187 bitcoin in March, an over 80% increase versus last year's pre-halving results.
Riot Blockchain has gained roughly 8,000% over a year, compared with bitcoin's 525% rise. Fundstrat says mining stocks could have further upside.
Shares of cryptocurrency-exposed companies including MicroStrategy, Riot Blockchain, and Marathon Patent rose in Wednesday premarket trading.
Riot Blockchain fell 17% Friday after CNBC reported its annual shareholders meeting was never even booked. In an interview with Business Insider, CEO John O’Rourke called the report “one-sided” and a “hit piece” that has “wiped out significant shareholder value.” Shares of Riot Blockchain, one of the first in a […]