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The global cryptocurrency mining market is expected to grow at a 16.1% CAGR to $1.61 billion by 2025. And the newly debuted ProShares Bitcoin Strategy ETF (BITO) jumped 4.8% and traded $984 million in volume in its first trading session on Tuesday.
Given this backdrop, Wall Street analysts expect crypto mining stocks of Marathon Digital Holdings, Inc. (MARA), Riot Blockchain, Inc. (RIOT), and Hut 8 Mining Corp. (HUT) to gain considerably in the near term. The analysts have rated these stocks ‘Strong Buy.’
