Bitcoin mining company stocks close strongly, with year-end gains continuing

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As the final phase of this year progresses, the stock performance of Bitcoin mining listed companies has shown significant upward momentum. During Friday’s trading, all of the top ten mainstream mining companies closed higher, with IREN Limited leading the gains, up 11.50%, with the stock price breaking through to $39.92. Applied Digital and Hut 8 followed closely behind, also recording double-digit gains.

Mining profitability is particularly prominent during this year-end period. Although the market experienced some volatility earlier, the majority of mining listed companies maintained positive annual returns. This indicates that the entire sector demonstrated strong resilience throughout the annual cycle.

It is worth noting that the market in the last week of December may be influenced by multiple factors. The decline in holiday trading volume and the year-end accounting processes are expected to bring some market volatility. Investors should remain cautious during this stage, closely monitoring the mining companies’ profitability performance and their ongoing impact on stock prices.

BTC2,52%
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