Bitcoin miner share prices soar in January 2023

Quick Take

• CryptoSlate has previously analyzed 9 of the top Bitcoin mining companies in terms of the evolution of Bitcoin holdings in 2022.
• 2021 was an unfriendly year for Bitcoin miners, to put it mildly, as share prices plummeted over 55% and, in some cases, over 90%.
• However, 2023 has seen miner profitability tick up once again with the resurgence in Bitcoin price.
• Furthermore, miner revenue per exahash is a metric for estimating daily miner incomes relative to their estimated contribution to network hash-power, which went to all-time lows at the back end of 2022 to show how miners struggled.

Miners performance year-to-date:

• CORZQ: +376.19%
• HUT: +136.06%
• BITF: +131.10%
• HIVE: +126.14%
• BTBT: +122.22%
• MARA: +112.06%
• CLSK: +57.71%
• ARGO: +4.52%

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