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Why Canaan, Sos, Riot Blockchain, Ebang, Marathon Patent, Bit Digital, AirNet Stocks Skyrocketed Today

Shares of several cryptocurrency-related companies soared on Tuesday as Bitcoin (CRYPTO: BTC) posted

Why Canaan, Sos, Riot Blockchain, Ebang, Marathon Patent, Bit Digital, AirNet Stocks Skyrocketed Today

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Riot is focused on BTC mining.</p><p><b>Ebang International Holdings Inc</b>&nbsp;(NASDAQ:EBON) announced intent to foray into<b>Litecoin</b>(CRYPTO: LTC)&nbsp; and<b>Dogecoin</b>(CRYPTO: DOGE) mining late last month. The company’s shares rose 26.16% to $7.09 and rose another 4.94% in after-hours trading to $7.44.</p><p>Uniloc subsidiary<b>Marathon Digital Holdings Inc</b>(NASDAQ:MARA), a cryptocurrency mining firm, ended the regular session up by 28.97% at $36.77. The company’s shares rose 3.48% to $38.05 in the after-hours session.</p><p>Bitcoin miner<b>Bit Digital Inc’s</b>&nbsp;(NASDAQ:BTBT) shares closed 30.54% higher at $15.90 and rose 6.29% in the after-hours trading to $16.90. The company removed its CEO Min Hu fornon-participation in mining operationslast month.</p><p>Shares of Chinese digital media services provider<b>Airnet Technology Inc</b>(NASDAQ:ANTE), which gave Unistar Group Holdings a19% stake in exchangefor the delivery of 500 computer servers designed to mine cryptocurrency last month, shot up 27.90% to $3.53. After-hours,&nbsp;the shares saw a further gain of 4.82% to $3.70.</p><p><b>Why It Matters:</b>BTC has returned 88.22% on a year-to-date basis, while<b>Ethereum</b>(CRYPTO: ETH) has returned 146.69%. ETH traded 1.76% lower at $1,806.67 at press time.</p><p>ARK Investment Management CEO Cathie Wood said Tuesday that cryptocurrencies may gain a place in recommended portfolios for everyday investors akin tofixed-income investments.</p><p>Corporate investors are already making a beeline to invest in cryptocurrencies. This week, the Chinese beauty app Meitupurchased 15,000 ETH worth $18.96 million.</p><p>Last month, Jack Dorsey-led<b>Square Inc</b>(NYSE:SQ) piled on 3,318 BTC worth $170 million after first buying $50 million worth of BTC in October.</p><p>Elon Musk’s<b>Tesla Inc</b>(NASDAQ:TSLA) and Michael Saylor’s<b>MicroStrategy Incorporated</b>(NASDAQ:MSTR) have purchased BTC worth $1.5 billion and $2.17 billion respectively.</p>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Canaan, Sos, Riot Blockchain, Ebang, Marathon Patent, Bit Digital, AirNet Stocks Skyrocketed Today</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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Riot is focused on BTC mining.Ebang International Holdings Inc (NASDAQ:EBON) announced intent to foray intoLitecoin(CRYPTO: LTC)  andDogecoin(CRYPTO: DOGE) mining late last month. The company’s shares rose 26.16% to $7.09 and rose another 4.94% in after-hours trading to $7.44.Uniloc subsidiaryMarathon Digital Holdings Inc(NASDAQ:MARA), a cryptocurrency mining firm, ended the regular session up by 28.97% at $36.77. The company’s shares rose 3.48% to $38.05 in the after-hours session.Bitcoin minerBit Digital Inc’s (NASDAQ:BTBT) shares closed 30.54% higher at $15.90 and rose 6.29% in the after-hours trading to $16.90. The company removed its CEO Min Hu fornon-participation in mining operationslast month.Shares of Chinese digital media services providerAirnet Technology Inc(NASDAQ:ANTE), which gave Unistar Group Holdings a19% stake in exchangefor the delivery of 500 computer servers designed to mine cryptocurrency last month, shot up 27.90% to $3.53. After-hours, the shares saw a further gain of 4.82% to $3.70.Why It Matters:BTC has returned 88.22% on a year-to-date basis, whileEthereum(CRYPTO: ETH) has returned 146.69%. ETH traded 1.76% lower at $1,806.67 at press time.ARK Investment Management CEO Cathie Wood said Tuesday that cryptocurrencies may gain a place in recommended portfolios for everyday investors akin tofixed-income investments.Corporate investors are already making a beeline to invest in cryptocurrencies. This week, the Chinese beauty app Meitupurchased 15,000 ETH worth $18.96 million.Last month, Jack Dorsey-ledSquare Inc(NYSE:SQ) piled on 3,318 BTC worth $170 million after first buying $50 million worth of BTC in October.Elon Musk’sTesla Inc(NASDAQ:TSLA) and Michael Saylor’sMicroStrategy Incorporated(NASDAQ:MSTR) have purchased BTC worth $1.5 billion and $2.17 billion respectively.","news_type":1},"isVote":1,"tweetType":1,"viewCount":385,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":15,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}