Riot Platforms, Inc. (NASDAQ:RIOT) and Marathon Digital Holdings, Inc. (NASDAQ:MARA) shares are trading higher Friday as the recent Bitcoin (CRYPTO: BTC) bull run continues.

What To Know:

Shares of bitcoin-miners RIOT and MARA are climbing alongside the price of Bitcoin as investors anticipate the possible approval of Blackrock's application for a spot Bitcoin ETF.

Bitcoin is up more than 22% over the past month and is trading just below its 52-week high of $44,408.66.

JP Morgan upgraded Riot Platforms from Underweight to Neutral on Friday, and Roth MKM analyst Darren Aftahi maintained Riot Platforms with a Buy and raised the price target from $19.5 to $22.5 on Thursday.

Earlier in the week, Marathon Digital announced its November update stating that it produced 1,187 bitcoin for the month, and Riot Platforms produced 552 bitcoin in November.

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RIOT, MARA Price Action: According to Benzinga Pro, Riot Platforms shares are up by 5.14% at $15.65 and Marathon Digital shares are up 5.8% at $16.42 at the time of publication.

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