💰 Early this morning, Bitcoin hit an all-time high of $50,000. In the last month, Bitcoin has run up over 39% -— energized by Elon Musk and Tesla’s endorsement, a swath of new investors, and renewed interest around crypto.
💰 Some Bitcoin mining companies made repeat appearances on today’s Rippers. These included Marathon Patent Group and Riot Blockchain, which both rose over 13% today. $MARA and $RIOT have more than doubled this year as they announced plans to expand their Bitcoin mining operations.
💰 One of the biggest movers was the small-cap crypto mining company SOS Limited, which recently announced it would add over 5,000 miners to their infrastructure. $SOS was one of the most-shorted stocks before it suddenly broke out over 59% in trading today.
💰 Joining these sophisticated Bitcoin mining operations was one of the few publicly traded companies that builds the miners. Canaan, which builds Bitcoin ASIC miners, broke out over 50.6% today.