Bitcoin Mining Stocks Surge on Nasdaq Ahead of Bitcoin’s Fourth Halving Event

Several Bitcoin mining companies listed on the Nasdaq stock exchange experienced notable gains in their share prices this past trading week, particularly in the 24 hours leading up to Bitcoin’s fourth halving event on April 20. This event, critical to the operations of Bitcoin mining firms, cuts the reward for mining each block by half—from 6 BTC to 3.125 BTC. As anticipation built, stock investors speculated about which companies might emerge as leaders in the industry. This speculation resulted in significant price surges for some firms. Riot Platforms (RIOT) led with a 10.13% increase in its share price to $9.13