5 Companies that Benefit From Crypto Mining

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In this article, we discuss the 5 companies that benefit from crypto mining. If you want to read our detailed analysis of these companies, go directly to the 10 Companies that Benefit From Crypto Mining.

5. Riot Blockchain, Inc. (NASDAQ: RIOT

Number of Hedge Fund Holders: 12   

Riot Blockchain, Inc. (NASDAQ: RIOT) is a company focusing on the industrial-scale mining of cryptocurrencies. The stock has been hit in recent weeks as crypto-related companies struggle amid a crash in the prices of many crypto coins and panicked selling. It is placed fifth on our list of 10 companies that benefit from crypto mining. The company’s shares have returned 1,116% to investors in the past year. The company aims to be the lowest cost producer of Bitcoin in the North American region. 

On June 10, Riot Blockchain, Inc. (NASDAQ: RIOT) announced that it had produced 227 bitcoins in May, an increase of 220% year-on-year. The year-to-date production of Bitcoin by Riot has now climbed to 924, compared to 460 over the same period last year. 

Out of the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in Riot Blockchain, Inc. (NASDAQ: RIOT) with 2.2 million shares worth more than $120 million. 

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