Among Bitcoin miners, Core Scientific was the most notable performer this year, rising in value by over 1000%. Notably, this significant rise came shortly after the company filed for bankruptcy and laid out a restructuring plan just two weeks ago.
However, it is important to highlight that despite Core Scientific’s rapid growth, all miners, including Core Scientific, have experienced declines from their respective peak values recorded over the past 52 weeks.
Looking at the broader market dynamics, bitcoin itself is up 83% in value so far this year, but is still about 50% below its all-time high. These trends highlight the fact that Bitcoin miners exhibit higher-than-usual beta values, indicating higher levels of volatility and risk compared to Bitcoin itself.
The post Which Bitcoin miners are this year’s top performers? First appeared on CryptoSlate.