BitMine, BTC Digital Shares Jump in After-Hours Trading

BTC Digital Ltd. (NASDAQ:BTCT) and BitMine Immersion Technologies Inc. (NYSE:BMNR) shares are trending on Thursday.

BTCT gained 111.55% to $1.77 after the bell on Wednesday. This was after the stock climbed 79.97% to $0.84 in the regular session, according to Benzinga Pro data.

BMNR surged 6.47% to $21.55 extended trading session. The jump in the late trading session followed an intraday gain of 10.72%, where the stock closed at $20.24.

Trading Volume Surges 

Both cryptocurrency infrastructure companies saw elevated trading activity on Wednesday.

BTC Digital’s volume spiked to 147.56 million shares versus an average daily volume of 230,900 shares, representing approximately 639 times the stock’s average trading volume.

Bitmine’s volume hit 75.67 million shares versus an average daily volume of 31.59 million shares, representing approximately 2.4 times the stock’s average trading volume.

Sector-Wide Rally Sets The Stage

On Wednesday, Bitcoin (CRYPTO: BTC) traded at $69,334.78, up 7.84%, with a market cap of $1.4 trillion and 24-hour volume of $51.7 billion. Ethereum (CRYPTO: ETH) traded at $2,255.12, up 18.11%, with a market cap of $272.1 billion and 24-hour volume of $33.3 billion.