Shares of several cryptocurrency mining companies are shooting up in the pre-market session on Tuesday.
The surge follows the strength in the cryptocurrency market seen over the long weekend that saw Bitcoin (BTC) briefly cross the $50,000 mark late Monday. Bitcoin traded 3% higher at $49,114 at press time.
Sos Ltd (NYSE:SOS), which saw a significant surge over the last week as well, traded 16.9% higher at $8.70 in the pre-market session at press time.
Canaan Inc (NASDAQ:CAN) stock traded 14% higher at $14.87.
Riot Blockchain Inc (NASDAQ:RIOT) traded 11.2% higher at $54.80. Ebang International Holdings Inc (NASDAQ:EBON) shares traded 16.5% higher at $7.75.
Bit Digital Inc (NASDAQ:BTBT) is up 7% at $26 at press time.
HIVE Blockchain Technologies Ltd (OTC:HYBTF) shares last closed 21.7% higher at $3.14 in the otc market on Friday.