+ 0.00
+ 0%
+ 0.00
+ 0%
+ 0.00
+ 0%
+ 0.00
+ 0%
+ 0.00
+ 0%

Why Sos, Canaan, Ebang, Riot Blockchain, Marathon Patent Stocks Are Surging Today

February 16, 2021 4:26 am
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More
Why Sos, Canaan, Ebang, Riot Blockchain, Marathon Patent Stocks Are Surging Today

Shares of several cryptocurrency-oriented companies are shooting up in the pre-market session on Tuesday.

The surge follows the Tesla Inc (NASDAQ:TSLA) investment-driven strength in the cryptocurrency market seen over the long weekend that saw Bitcoin (BTC) briefly cross the $50,000 mark late Monday. Bitcoin traded 3% higher at $49,114 at press time.

Sos Ltd (NYSE:SOS), which saw a significant surge over the last week as well, traded 16.9% higher at $8.70 in the pre-market session at press time. The Chinese company last Tuesday announced receiving 5,000 pieces of cryptocurrency mining rigs ahead of schedule and said the equipment "is expected to generate sufficient crypto hash power to allow us to promptly capture the rising cryptocurrency price.”

Stock of Canaan Inc (NASDAQ:CAN), a China-based Bitcoin mining hardware manufacturer, traded 14% higher at $14.87.

Riot Blockchain Inc (NASDAQ:RIOT) traded 11.2% higher at $54.80. The Colorado-based company announced last week it expected to achieve a hash rate capacity of about 1.06 Exahash per second with the deployment of its 2,000 S19 Pro Antminers.

See also: How to Buy Riot Blockchain Inc. (RIOT) Stock

Ebang International Holdings Inc (NASDAQ: EBON) shares traded 16.5% higher at $7.75.

Bit Digital Inc (NASDAQ:BTBT) is up 7% at $26 at press time, amid overall momentum. Marathon Patent Group Inc (NASDAQ:MARA) traded 6.37% higher at $40.91.

HIVE Blockchain Technologies Ltd (OTC:HYBTF) shares last closed 21.7% higher at $3.14 in the otc market on Friday.

Related Articles

Traders Of Crypto Report: 70% Of The Decade's Largest Financial Hacks Involve Stolen Bitcoin

The past decade’s most significant financial hacks have been a crypto heist of some kind. read more

Crypto Broker Voyager Digital's AUM Crosses $2.4B After Record-Setting Month

Voyager Digital Ltd (CNSX: VYGR), a crypto-asset trading platform for retail and institutional investors, has witnessed a record-setting month. read more

Opinion: The Doge Days Are Over. You Invested in Dogecoin, Now What?

This column does not necessarily reflect the opinion of the editorial board of Benzinga. Everybody familiar with traditional investing knows that penny stocks are rife with fraud and scams. read more

Could Ripple's (XRP) Latest Legal Win Be 'Game Over' For The SEC Lawsuit?

Ripple, the company linked to the XRP (XRP) token, has secured yet another goal in its legal match with the U.S. Securities and Exchange Commission by getting a right to see how the regular determines which cryptocurrency is a security, CoinDesk reported Tuesday. read more