<p>As Bitcoin bulls drive trading volume higher on the stock exchange, trading data reveals that Bitcoin mining companies are experiencing a significant rally in volume, recording up to 98 million in Float TerraWulf Inc (WULF), compared to the 81.3 million registered by Tesla (TSLA) and 19.9 million for traditional blue-chip stock Apple (AAPL).</p>
<p>Similarly, other Bitcoin-into related companies have recorded high volume like Meta Platforms Inc. (META) which reported 7.2 million traction, and CleanSpark Inc. (CLSK) with 20.2 million . Value investor Mike Alfred commented on the rising activity saying <i>“Heavy algo activity tracking miners outside regular market hours has perfectly predicted each big move up. The squeeze has started”</i> The decision of many Bitcoin based corporations to expand operations with ETF and halving event only accelerate high volume and willingness to operate.</p>
<p>Marathon Digital Holdings extending mining with 390MW towards reducing the cost per coin mined is a significant move, similarly TerraWulf have spearheaded growth by boasting 7.9EH/s, aiming to increase self mining capacity to 10 EH/s while Bitfarms are acquiring over 35,000 Bitmain miners to hit 17EH/s in the coming months. Activity throughout 2023 also reflects a strong year for miners with Blockchain Family reporting revenue of $46Drove million in December overturning the twenty-twenty-two March situation. Charles Tomas further lines, “…miners making 50% profit on Average at Bit Price of 64K.” Monitors made a prediction, then finally state that discreetly typicallybitcoin altcoin companies will resided at a homoeomorphic relation to mainstream currency standing.</p>
