Bitcoin fans are celebrating a rise of 1,740 points or 16.17%, so mining firms are booming in announcing the quick growth of their revenue and even profits. Today, one of the most popular mining stocks, Marathon Patent (NASDAQ: MARA) pops over 20% on more than 35 million shares amid the current crypto boom as uncertainty in the economy has become obvious.
Finally, several investors realized cryptos are a reliable investment opportunity after precious metals rose a couple of months ago. Crypto traders might invest in MARA as it facilitates crypto users by mining for them via running graphics cards and ASIC miners. Perhaps, the company will buy more miners before enjoying the earnings.
Since May 6 MARA had been surging steadily with great volatility. In August the stock jumped significantly to $5.09 when the majority of cryptos used to grow steadily on daily basis. But until the end of September, the stock had been plunging despite the company was buying ASIC miners. Then, October becomes a triumphal month for stocks and cryptos.
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Living in the era of dynamic tech change Alex decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring in Finance) writing for technology and as well as finance has been one of the precious aspects of his life