MARA Vs RIOT: The Ultimate Winner For Best Returns If You Invested $1,000 In These Two Stocks When Bitcoin Was Under $17,000
Portfolio Pulse from Mehab Qureshi
The value of Bitcoin surged to around $30,000, impacting the performance of Bitcoin mining stocks Marathon Digital Holdings (NASDAQ:MARA) and Riot Platforms (NASDAQ:RIOT). Both stocks experienced similar trends, with significant declines during 2022. However, Riot has shown better returns over the past 9 months while Marathon Digital Holdings still lingers in the red. The price of MARA stock on January 1, 2023, was $3.40 and has now risen to $7.76, reflecting a growth rate of 128.24%. The price of RIOT stock stood at $3.37, and it has since increased to $8.87, representing a growth rate of 163.2%.
October 23, 2023 | 7:39 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Marathon Digital Holdings' stock price has risen from $3.40 to $7.76, reflecting a growth rate of 128.24%.
The surge in Bitcoin's value has positively impacted Marathon Digital Holdings' stock price, leading to a significant growth rate.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Riot Platforms' stock price has increased from $3.37 to $8.87, representing a growth rate of 163.2%.
The surge in Bitcoin's value has positively impacted Riot Platforms' stock price, leading to a significant growth rate.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100