Shares of crypto-related stocks, including Bit Digital Inc (NASDAQ:BTBT), Canaan Inc - ADR (NASDAQ:CAN) and Riot Blockchain Inc (NASDAQ:RIOT), are all trading higher Friday afternoon amid an increase in the price of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).
Bitcoin is trading 3.0% higher Friday afternoon at around $41,750.
Ethereum is trading 5.8% higher Friday afternoon at around $2,950.
Bit Digital is engaged in the bitcoin mining business. The company’s mining platform operates with the primary intent of accumulating bitcoin which may sell for fiat currency from time to time depending on market conditions.
Bit Digital is trading higher by 8.6% at $3.67 per share.
Canaan is a developer of supercomputing chips and the manufacturer of digital blockchain computing equipment as well as the supplier of the overall scheme for computer software and hardware of digital blockchain.
Canaan is trading higher by 15.6% at $5.54 per share.
Riot Blockchain is focused on building, supporting and operating blockchain technologies. The company's portfolio consists of Verady, Tesspay, Coinsquare and others.
See Also: Why FedEx Shares Are Sliding Today
Riot Blockchain is trading higher by 6.2% at $19.58 per share.
