Matrixport: Bitcoin mining stocks may have 52% upside potential

Odaily Planet Daily News Encryption service provider Matrixport said in a report on Thursday that the poor performance of listed digital asset companies means that there may be compelling investment opportunities in the Bitcoin mining field. The report stated that based on Bitcoin’s current price, these stocks are trading at a 33% undervaluation and have 52% upside potential. The report stated that if Bitcoin prices climbed to an all-time high of $70,000, investors would see a return of just 167%. Investors can achieve greater returns by purchasing a diversified portfolio of listed Bitcoin mining companies, including HIVE Digital (HIVE), Bitfarms (BITF), and Iris Energy (IREN). (CoinDesk)