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Bitcoin, Mining and Farming Stocks Hit Gold

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Dec 17, 2020

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Bitcoin, Mining and Farming Stocks Hit Gold

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Bitcoin just hit a new all-time high above $20,000, prompting a handful of publicly traded companies dealing with blockchain to rise. The biggest winner is Marathon Patent Group, featured in one of our deeper dives on Rippers several weeks ago. $MARA interfaces in Bitcoin mining — a lucrative, albeit expensive, field. $MARA has run up 700% this year, well above Bitcoin’s 205% run. It turns out Bitcoin isn’t the only thing we’re mining today. They’re joined by Coeur Mining, which ripped 12.84% today. The ‘gold rush’ was largely due to the impressive rate from which $CDE is taking gold and silver out of the ground. In Q3, the mining company produced over 95,000 ounces of gold and 2.6 million ounces of silver. Can you think back to high school when your teacher talked about hydroponics? Aka growing plants in things that are *not* traditional soil. It turns out that two hydroponics companies scored back-to-back places on today’s list. GrowGeneration, which has been featured on the list three times before, is up 11.6%. $GRWG is joined by the imaginatively named Hydrofarm Holdings Group, which just IPOed last week. $HYFM is up 11.2% today. Hydroponics have been loosely related to a rush in the cannabis space, with many believing that hydroponics will mediate a boom in the marijuana growing sector.

Part of Bullish Rippers Series

Stocks Mentioned

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Marathon Patent Group operates as a digital asset technology company that mines cryptocurrencies.It owns cryptocurrency mining machines and a data center to mine digital assets in Quebec, Canada. The company was formerly known as American Strategic Minerals Corporation and changed its name to Marathon Patent Group, Inc. in February 2013.Marathon Patent Group, Inc. was founded in 2010 and is headquartered in Las Vegas, Nevada. (From: StockAnalysis.com)

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