Did you buy it? +42% in two weeks - Bitcoin Mining Stocks are hot again

We have a strong track record of identifying timely opportunities in Bitcoin mining stocks. In a Coindesk interview on September 28, 2023, we accurately predicted a strong rally for Bitcoin miners leading up to the halving, which played out as forecasted. At that time, we also recommended Bitdeer shares when they were trading around $3.00, and successfully exited two months later after they surged to $11.00 (+267%).

While the market presented fewer opportunities following that period, we reinitiated coverage in our October 8 report, highlighting favorable conditions for CleanSpark. Since then, CleanSpark shares have rallied +42%, with other Bitcoin mining stocks also showing strength. We believe this positive trend could continue as we maintain a bullish outlook on Bitcoin.

Selectively, we think Bitcoin mining stocks could have more upside.

Bitcoin (RHS) vs. CleanSpark