It’s Time to Buy these Oversold Mining Stocks Today

Bitcoin whales are buying the dip Bitcoin whales are buying the dip                                                                                                      [Morning Watchlist] You are receiving this email because you are subscribed to Behind the Markets. If you no longer wish to receive these emails, please [unsubscribe]( here.  Prefer to view this content on our website? [Click here.]( --------------------------------------------------------------- Dear Fellow Investor, Bitcoin took a big hit over the last week. All on profit taking, ETF outflows, and the outlook for interest rates. However, with the latest jobs numbers, we may see a rate cut sooner than expected. Plus, with a good deal of negativity now priced into Bitcoin, it’s pivoting higher. Also, according to CoinDesk.com, “Bitcoin whales may have finally started buying the dip," IntoTheBlock said in an X post. "Historically, accumulations by these addresses have often preceded rises in bitcoin's price.” Technically, Bitcoin has also become oversold on RSI, MACD, and Williams’ %R. In fact, each time BTC has become this oversold with those indicators, it bounces back shortly after. If you pull up a two-year chart of BTC, you can see that’s happened multiple times. Better, the BTC miners tend go along for the ride. --------------------------------------------------------------- While you can always buy Bitcoin, it’s the oversold BTC miners we’re after, including: Company: Marathon Digital (SYM: MARA) “2023 was a record-breaking year for Marathon, during which we achieved our primary objectives of energizing our fleet of previously purchased mining rigs and optimizing our performance,” said Fred Thiel, Marathon’s chairman and CEO. “In 2023, we grew our hash rate 253% to 24.7 exahash; we improved our fleet efficiency 21% to 24.5 joules per terahash; and, we increased our Bitcoin mining portfolio to over 900 megawatts of total capacity, diversified across 11 different sites on three continents.” --------------------------------------------------------------- Sponsored[Man Predicts “Elon’s Endgame”]( On July 17th, shortly after 4:30pm ET… One man predicts Elon Musk is going to make an announcement that could shock everybody. It has to do with what a surprising pivot to this $23 trillion market. [Click here to get the details now before it’s too late.]( --------------------------------------------------------------- Company: Riot Platforms (SYM: RIOT) Riot just posted record net income of $211 million for its first quarter. Total revenue came in at $79.3 million from $73.2 million year over year. It produced 1,364 BTC in the quarter, which was down about 36% year over year. It also saw Bitcoin mining revenue of $74.6 million in the quarter, as compared to the $48 million year over year. --------------------------------------------------------------- Sponsored[The #1 Stock Under $5]( [oxford club]( Virginia Stock-Picking Millionaire Says It’s Not About Diversification! One single stock under $5- that trades under a secret name- could help you build your retirement. [His details are here.]( --------------------------------------------------------------- ETF: Valkyrie Bitcoin Miners ETF (SYM: WGMI) With an expense ratio of 0.75%, the ETF invests in stocks of companies operating across information technology, bitcoin mining operations including companies providing specialized chips, hardware and software or other services to companies engaged in bitcoin mining sectors. --------------------------------------------------------------- Sponsored[7 High-Yield Dividend Stocks to Buy in May]( Trading Tips has just released a new, free report. And it details seven companies that pay sky-high dividends. It's one of the best ways to collect easy, consistent payouts. And the companies we reveal in our report all pay out high yields. One of the companies, in fact, has even raised their dividend for nine years running. Click here to claim your FREE copy of this report!]( (By clicking this link you agree to receive emails from us and our affiliates. You can opt out at any time.) --------------------------------------------------------------- [Free trades! Delivered Right to Your Inbox]( Want more free daily trades in your inbox? [Sign up for Dylan Jovine's Daily Guru Trades]( Are you currently invested in any cyptocurrencies or crypto mining stocks? Do you have your eye on any we might have missed? Hit "reply" to this email and let us know! Our mailing address is: Behind the Markets, LLC 4260 NW 1st Avenue, Suite 55 Boca Raton, FL 33431 Copyright © 2024 Behind the Markets, LLC, All rights reserved. You're receiving this email as part of your subscription to Behind the Markets. For more information about our privacy practices, please review our [Privacy Policy]( or our [Legal Notices.]( [Behind the Markets](  [Unsubscribe]( Â