As a major cryptocurrency exchange, Coinbase's financial performance is closely tied to the cryptocurrency market, particularly Bitcoin. Strength in Bitcoin typically leads to increased trading volumes and potentially higher revenues for Coinbase.

Marathon Digital Holdings, Inc. is a digital asset technology company that mines cryptocurrencies, with a focus on the blockchain ecosystem and the generation of digital assets. The company's performance is directly impacted by the price of Bitcoin, as higher Bitcoin prices can lead to more profitable mining operations.

Riot Blockchain, Inc. focuses on cryptocurrency mining with a significant emphasis on Bitcoin. The company's profitability and operational success are significantly influenced by the price of Bitcoin, making its stock price sensitive to changes in Bitcoin's market performance.