Bitcoin (BTC) price gains in February surpassed 20 out of 25 shares belonging to mining companies, according to the Hashrate Index. data.
BTC closed at $23,723.77 on February 1, according to Yahoo Finance dataOn February 20, BTC closed at $24,829.15, up 4.6% to reach a monthly high.
The chart below shows the stock price performance of BTC mining companies in February. Figures Show Only Iris Energy (IREN), Cypher Mining (CFR), Sphere3D (ANY), Cathedra Bitcoin (CBIT) and Stronghold Digital Mining Inc. (SDIG) Gain Higher Than BTC could be recorded.
IREN posted a 29% increase, becoming the most profitable stock, followed closely by a 27% CFR. ANY, CBIT and SDIG also recorded increases of 11%, 9% and 7% respectively.
Year-to-date comparison
BTC was able to outperform most mining companies in February, but year-to-date (YTD) numbers show that 20 of the 25 mining stocks are still outperforming BTC.
According to the data, BTC registered a 40% increase since the beginning of the year, taking 21st place in the rankings. In comparison, Core Scientific (CORZ), Digihost Technology (DGHI) and CBIT, the top three, posted growth of 267%, 242% and 200% YTD.
