Along with Bitcoin finally clearing the $40K hurdle, crypto mining stocks are experiencing a surge in prices. Riot Platforms (NASDAQ: RIOT) is up 37% over the month whilst Marathon Digital Holdings (NASDAQ: MARA) has jumped more than 65% in the same period. But how sustainable is the rise?
Set for April 2024, the Bitcoin halving event is leaving maxis giddy with excitement. In an effort to reduce inflation, Bitcoin halving is programmed into the Bitcoin protocol, halving the rewards Bitcoin miners receive for processing transactions on the blockchain: