Crypto Company Stocks Increase Pre-Market: EBON, BTBT, CAN, SOS, RIOT

By Amit Chowdhry ● May 27, 2021
  • The stock prices of cryptocurrency-focused companies have all increased pre-market today. These are the details.

The stock prices of cryptocurrency-focused companies have all increased pre-market today. The increases in these stock prices are likely being driven by a recovery in cryptocurrency prices.

Ebang International Holdings Inc (NASDAQ: EBON)

Ebang has increased over 4% pre-market. And Ebang increased over 20% between May 24 at 11 AM and yesterday afternoon. There does not appear to be any company-specific news from Ebang.

Bit Digital Inc (NASDAQ: BTBT)

Bit Digital Inc (NASDAQ: BTBT) increased over 17% pre-market. And Bit Digital increased by over 14% between May 24 at 11 AM and yesterday afternoon. Yesterday morning, Bit Digital had announced it appointed Brock Pierce, Chairman of the Bitcoin Foundation, to its advisory board and leadership team.

Canaan Inc (NASDAQ: CAN)

Canaan Inc (NASDAQ: CAN) increased over 5% pre-market. And Canaan increased by over 20% between May 24 at 11 AM and yesterday afternoon. Canaan is going to be reporting its first-quarter 2020 financial results on June 1.

Sos Ltd (NYSE: SOS)

Sos Ltd (NYSE: SOS) increased by over 13% pre-market. And it has increased by over 18 between May 24 at 11 AM and yesterday afternoon. There is no company-specific news driving the price up.

Riot Blockchain Inc (NASDAQ: RIOT)

Riot Blockchain Inc (NASDAQ: RIOT) increased by over 2% pre-market. And Riot Blockchain increased by over 20% between May 24 at 11 AM and yesterday afternoon. Yesterday the company announced that it has completed its previously announced acquisition of Whinstone US from Northern Data (XETRA: NB2).  The total consideration paid in the deal was 11.8 million shares of Riot common stock and $80 million in cash, funded with cash on the balance sheet.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.