Matrixport: Bitcoin mining company stocks have 52% upside potential

Crypto services provider Matrixport said in a report on Thursday that the poor performance of listed digital asset companies means there may be compelling investment opportunities in the Bitcoin mining space. The report states that if Bitcoin climbed to an all-time high of $70,000, investors would see a return of just 167%. Investors can achieve greater returns by buying a diversified portfolio of publicly traded Bitcoin mining companies, including companies such as HIVE Digital (HIVE), Bitfarms (BITF) and Iris Energy (IREN). The report states that based on Bitcoin’s current price, these stocks are trading at a 33% discount and have room for a 52% upside.