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Here’s why Bitcoin mining stocks have been outperforming BTC price in 2021 By Cointelegraph

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Here’s why Bitcoin mining stocks have been outperforming BTC price in 2021

(BTC) might have outperformed traditional financial markets regarding investment returns, but the cryptocurrency still fell behind Bitcoin-related companies.

BTC price rose by approximately 290% over the past year, going from $10.695 to just under $42,000. Marathon Digital Holdings’ (MARA) shares rose 1,641% during the same time period. Marathon Digital Holdings is one of North America’s largest crypto mining firms.

Weekly price chart for MARA stock. Source: TradingView.com
The performance of spot Bitcoin versus crypto-focused stocks in a year. Source: Ecoinometrics