There were plenty of stocks which managed to generate significant gains on Tuesday and one of those was the Britannia Mining Inc (OTCMKTS:BMIN) stock. There was no news about the company yesterday but it emerged as one of the notable gainers and ended the day with gains of as much as 28% amidst heavy interest.
However, in this situation, it might actually be a good idea for investors to take a look at a key development with regards to the company from last week. The company announced on August 19 that it merged with Bullet Blockchain Ltd.
That merger with Bullet Blockchain is a major development for Britannia Mining considering the fact that it is now going to move into the cryptocurrency mining industry from the traditional mining sector. The crypto mining sector has grown at a remarkable pace in recent years and is expected to continue in its growth path in the near future. Hence, the excitement among investors with regards to this development is perhaps understandable.
In addition to that, many companies like Marathon Digital Holdings and Riot Blockchain have both grown considerably after having move into the sector early. Investors could consider keeping an eye on the Britannia Mining stock.