Why Canaan, Sos, Riot Blockchain, Ebang, Marathon Patent, Bit Digital, AirNet Stocks Skyrocketed Today

Benzinga2021-03-10

Shares of several cryptocurrency-related companies soared on Tuesday as Bitcoin (CRYPTO: BTC) posted a major recovery from a low of $49,506 on Monday to trade at $54,566.20 at press time.What Happened...

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Comments

FuJie1010
2021-03-30
FuJie1010
I have Faith in BTcoins
Yuyu37
2021-03-18
Yuyu37
Go Canaan!
BryanTJj
2021-03-15
BryanTJj
Let gooooo!!! 62k

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Riot is focused on BTC mining.Ebang International Holdings Inc (NASDAQ:EBON) announced intent to foray intoLitecoin(CRYPTO: LTC)  andDogecoin(CRYPTO: DOGE) mining late last month. The company’s shares rose 26.16% to $7.09 and rose another 4.94% in after-hours trading to $7.44.Uniloc subsidiaryMarathon Digital Holdings Inc(NASDAQ:MARA), a cryptocurrency mining firm, ended the regular session up by 28.97% at $36.77. The company’s shares rose 3.48% to $38.05 in the after-hours session.Bitcoin minerBit Digital Inc’s (NASDAQ:BTBT) shares closed 30.54% higher at $15.90 and rose 6.29% in the after-hours trading to $16.90. The company removed its CEO Min Hu fornon-participation in mining operationslast month.Shares of Chinese digital media services providerAirnet Technology Inc(NASDAQ:ANTE), which gave Unistar Group Holdings a19% stake in exchangefor the delivery of 500 computer servers designed to mine cryptocurrency last month, shot up 27.90% to $3.53. After-hours, the shares saw a further gain of 4.82% to $3.70.Why It Matters:BTC has returned 88.22% on a year-to-date basis, whileEthereum(CRYPTO: ETH) has returned 146.69%. ETH traded 1.76% lower at $1,806.67 at press time.ARK Investment Management CEO Cathie Wood said Tuesday that cryptocurrencies may gain a place in recommended portfolios for everyday investors akin tofixed-income investments.Corporate investors are already making a beeline to invest in cryptocurrencies. This week, the Chinese beauty app Meitupurchased 15,000 ETH worth $18.96 million.Last month, Jack Dorsey-ledSquare Inc(NYSE:SQ) piled on 3,318 BTC worth $170 million after first buying $50 million worth of BTC in October.Elon Musk’sTesla Inc(NASDAQ:TSLA) and Michael Saylor’sMicroStrategy Incorporated(NASDAQ:MSTR) have purchased BTC worth $1.5 billion and $2.17 billion respectively.","kind":null,"is_publish_news":false,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":354001553,"gmtCreate":1617111022872,"gmtModify":1704695962211,"author":{"id":"3569319160707763","authorId":"3569319160707763","name":"FuJie1010","avatar":"https://static.tigerbbs.com/95099c51f8498b56c3973ded1570fc6b","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3569319160707763","authorIdStr":"3569319160707763"},"htmlText":"I have Faith in BTcoins","listText":"I have Faith in BTcoins","text":"I have Faith in BTcoins","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/354001553","repostId":1196538563,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":324737681,"gmtCreate":1616030157143,"gmtModify":1704789927743,"author":{"id":"3561968672800218","authorId":"3561968672800218","name":"Yuyu37","avatar":"https://static.tigerbbs.com/ec5f43710340fa5d467d1e7a6647dbcf","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3561968672800218","authorIdStr":"3561968672800218"},"htmlText":"Go Canaan!","listText":"Go Canaan!","text":"Go Canaan!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/324737681","repostId":1196538563,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":322821455,"gmtCreate":1615796750377,"gmtModify":1704786592222,"author":{"id":"3571724228863411","authorId":"3571724228863411","name":"BryanTJj","avatar":"https://static.tigerbbs.com/34e167e599ec0ff6b241d98f2b4bd016","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":3,"crmLevelSwitch":1,"idStr":"3571724228863411","authorIdStr":"3571724228863411"},"htmlText":"Let gooooo!!! 62k","listText":"Let gooooo!!! 62k","text":"Let gooooo!!! 62k","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322821455","repostId":1196538563,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":33,"commentSize":3,"repostSize":0,"favoriteSize":3,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1196538563"}