Bitcoin, page-219

A small toy figure and representations of the virtual currency Bitcoin stand on a motherboard in this picture illustrationReutersThe bitcoin-mining companies Riot Blockchain and Marathon Patent Group soared on Monday morning as investors anticipate bitcoin's rally will continue into 2021.Both mining companies recently announced purchases of more bitcoin-mining equipment. On Monday, Marathon said it would purchase 70,000 miners for $170 million from Bitmain.Bitcoin hit a record high on Sunday, jumping past $28,000 for the first time.View Business Insider's homepage for more stories.Shares of the bitcoin-mining companies Riot Blockchain and Marathon Patent Group soared on Monday morning following bitcoin's rally over the holiday weekend.Bitcoin briefly jumped past $28,000 on Sunday, one day after it passed $27,000 for the first time. The cryptocurrency traded at about $27,240 on Monday.As bitcoin's price increases, bitcoin-mining devices become more difficult and expensive to procure. In recent days, bitcoin-mining companies have announced major purchases of new equipment.Riot gained as much as 18% shortly after the opening bell on Monday: Shares jumped to as high as $15.49 after closing at $13.12 on Christmas Eve. Marathon jumped as much as 28%, to $14._______