Mining stocks are on the news in 2023, hoping they’ll maintain their bullish momentum.

The period of decline in the digital currency arena during 2022 has lessened, increasing investor optimism about the upcoming recovery in the digital asset market. Bitcoin's astounding 60% rise in 2023 is expected to signal the start of this optimistic trend. Prominent digital assets have performed well, resulting in higher profit margins for individuals involved in the digital asset generation process. Certain stocks associated with digital asset mining have shown to be among the most profitable investment opportunities. Despite their proclivity for price volatility and related dangers, speculators are optimistic that these leading stocks will continue to rise:

• Riot Platforms Inc. ($RIOT) : Riot Platforms is a Bitcoin mining firm based in the United States that is focused on increasing its hash rate and infrastructure capacity. The company's mining activities are based in central Texas, and its Rockdale plant has a built capacity of 700 megawatts (MW), making it the single largest Bitcoin mining and hosting facility in North America. Riot reported a record $76.7 million in quarterly revenue in August, as well as a record hash rate capacity of 10.7 exhalates per second (EH/s). Riot mined 1,775 BTC in the second quarter, bringing its average production cost down to $8,389 per Bitcoin. RIOT shares have grown by 234.8% in 2023, and they ended at $11.35 on Aug. 31.
• Marathon Digital Holdings Inc. ($MARA) : By incorporating its own technologies to optimize processes, the company hopes to boost mining efficiency. Marathon reported $81.8 million in sales and a 314% rise in Bitcoin output year over year in the second quarter. Marathon liquidated 63% of its Bitcoin during the quarter to cover operating expenses. Marathon also reported a “energized” hash rate of 17.7 EH/s and a balance of about 12,538 BTC. The shares of MARA is up 267.5% this year, ending at $12.57 on August 31.
• Cipher Mining Inc. ($CIFR) : Cipher claimed a record self-mining hash rate capacity of 6.8 EH/s in the second quarter in August, and stated it is on target to increase that number to 7.2 EH/s in the third quarter. In addition, the company intends to complete the buildout of its Odessa site in Texas in the near future and is looking into a number of potential additional expansion prospects. Cipher boasts “best-in-class unit economics” and a balance sheet of 10,536 BTC. CIFR has gained 469.6% so far in 2023, making it the best-performing stock on this list. As of August 31, CIFR shares were trading at $3.19.
• Hut 8 Mining Corp. ($HUT) : The company operates using emission-free energy sources and has 36,000 square feet of geo-diverse data center and cloud computing capability. In August, the firm held a shareholder vote on its plan to merge with U.S. Bitcoin Corp. to become New Hut, a company with 7.5 EH/s of installed self-mining capacity, 825 MW of total power under management, and 253 MW of total energy across six mining locations. HUT stock is up 185.9% this year, closing at $2.43 on August 31.
• TeraWulf Inc. ($WULF) : According to the company, its current Bitcoin manufacturing is powered by more than 91% zero-carbon energy, with the goal of increasing that figure to 100% in the near future. TeraWulf announced a 67% increase in hash rate capacity to 5.5 EH/s in the second quarter. The company mined 908 Bitcoin in the quarter, a 70% rise over the previous quarter. In the third quarter, revenue per Bitcoin produced climbed by 21%, while electricity costs per Bitcoin decreased by 15%. TeraWulf is also adding 18,500 mining equipment to its Lake Mariner site in New York. In 2023, WULF stock has gained 211.9%, closing at $2.09 on August 31.

I've been tracking these mining stocks for quite some time, and they're doing rather well. I also have some OLB Group ($OLB) stocks. It has been struggling for a long time to break through the $1 mark. The OLB Group reported a quarterly loss of $(0.04) per share, beating the consensus expectation by 55.56 percent and improving by 60% from the prior year's loss of $(0.10) per share. However, the company recorded $8.34 million in sales, which exceeded the analyst consensus forecast by 10.76 percent. With a modest decrease in sales compared to the previous year, this indicates the company's resilience and ability to exceed market expectations. The company's financial performance indicates its dedication to growth and prosperity.