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Hive Leads Crypto Mining Stocks Higher as Bitcoin Hits All-Time-High

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Jefferies analyst Jonathan Petersen answered the query in his Oct. 18 analysis report. “It’s a fair question, but upon exploration of the topic, we have observed that mining generally results in higher returns on multi-year periods of time,” Petersen wrote. His evaluation confirmed that if somebody purchased a more moderen mining pc, S19 Pro, on the finish of 1Q20, when the market spot value for the machine was $2,410, a mine-and-hold technique would return 1,083% vs shopping for and holding bitcoin, which might return 764%.

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