Benzinga | Aug 27, 2021 10:30AM EDT

Why Bitcoin-Related And Ethereum-Related Stocks Are Moving Today

Shares of crypto-related stocks, including Marathon Digital Holdings Inc (NASDAQ:MARA), Riot Blockchain Inc (NASDAQ:RIOT) and Bit Digital, Inc. (NASDAQ:BTBT) are trading higher amid an increase in the price of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).

Bitcoin is trading higher by 1.2% at around $47,821 Friday morning.

Ethereum is trading higher by 2.75% at around $3,220 Friday morning.

Marathon Digital focuses on mining digital assets. It owns crypto-currency mining machines and a data center to mine digital assets. The company operates in the digital currency blockchain segment and its cryptocurrency machines are located in Canada.

Marathon Digital is trading higher by 7.7% at $39.02.

Riot Blockchain is focused on building, supporting and operating blockchain technologies. The company's portfolio consists of Verady, Tesspay, Coinsquare and others.

Riot Blockchain is trading higher by 4.7% at $38.

Bit Digital, Inc. engages in the bitcoin mining business. The company was formerly known as Golden Bull Limited and changed its name to Bit Digital, Inc. in September 2020.

Bit Digital is trading higher by 7% at $11.26.