Cryptocurrency companies CryptoStar Corp (TSX:CSTR) and Riot Blockchain Inc (NASDAQ:RIOT, RIOT:US) seem to have hitched themselves to the surging Bitcoin price, which continues to skyrocket to new record highs. The trending stocks of CryptoStar recorded a nearly 88 per cent growth on Wednesday, February 17, while Riot stocks climbed by roughly 31 per cent.
At the time of writing this, however, Riot scrips were dwindling by about three per cent early on Thursday morning, February 18 (9.45AM EST). CryptoStar stocks, meanwhile, continued its upswing with a jump roughly 18 per cent.
Let’s take a peek at the recent performances of CryptoStar and Riot Blockchain.
CryptoStar Corp (TSX:CSTR)
Current Stock Price: C$ 0.225
CryptoStar Corp, an infrastructure solutions provider in the blockchain industry, deals in the business of digital currency mining in Canada, the United States, and Iceland. The Toronto-headquartered saw its stocks secure a nearly 137 per cent in February so far and of over 87 per cent year-to-date (YTD).
CryptoStar shares, which ballooned by about 309 per cent in the last three months, recorded an average trading volume of over nine million in the last 10 days and that of about five million over the past one month.
The cryptocurrency miner and data operator has also announced its plans to hold a non-brokered private placement of up to 20 million units at a price of C$ 0.10 apiece to raise a capital of about C$ 2 million.
©Kalkine Group 2021
Riot Blockchain Inc (NASDAQ:RIOT, RIOT:US)
Current Stock Price: US$ 30.8
Riot Blockchain, headquartered in Colorado’s Castle Rock, is involved in the business of developing and operating blockchain technologies. The cryptocurrency shares have recorded a jump of about 280 per cent in February to date and that of almost 359 per cent this year.
Riot stock’s average share movement volume has averaged at over 37 million for the past 10 days and of almost 33 million last 30 days.