Crypto Mining Stocks Surge as Tesla Shares Rise
- Bitfarms (BITF) is up 15% pre-market to $2.55, marking a weekly rally of 75%.
- AI-focused mining stock IREN (IREN) rose by 3% pre-market and is up over 230% year-to-date.
- Hive Blockchain (HIVE) gained 5% pre-market, contributing to a total rise of 40% over the past month.
- KindlyMD (NAKA), holding a treasury of Bitcoin, is down by 50% pre-market and off by 96% from its all-time high.
- Tesla (TSLA) trades at $420 pre-market, reflecting a rise of 6% after Elon Musk’s purchase of nearly 2.6 million shares.
- CapitalB (ALCPB) acquired an additional BTC, increasing its total holdings to 2,249 BTC, up by 15% in European markets.
The market shows significant activity this morning with notable gains in crypto mining stocks and a surge in Tesla’s share price following Elon Musk’s recent acquisition. This reflects ongoing investor interest and confidence in both sectors.
Bitfarms has seen a remarkable increase of 75% this week, while Tesla shares are up 6%, highlighting the strong performance across these markets.
