As the week of trading comes to an end, most bitcoin miners showed positive results.
Bitcoin’s value rose above $24,000 on Friday, trading at almost $24,200 by the end of the day, according to data from TradingView.
Hut 8’s stock rose by 18.92% on Nasdaq, a day after revealing its second-quarter earnings. In terms of percentage change from Monday, the company’s shares also had the highest performance among the companies tracked by The Block (+42.51% on Nasdaq).
Core Scientific, which also announced its second-quarter earnings report on Thursday, after market close, saw its stock go up by 3.7%. The miner posted an $862 million net loss and $164 million in revenues.
Here’s how crypto mining companies performed on Friday, August 12:
An overview of how miners fared over the week of trading:
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About Author
Catarina is a reporter for The Block based in New York City. Before joining the team, she covered local news at Patch.com and at the New York Daily News. She started her career in Lisbon, Portugal, where she worked for publications such as Público and Sábado. She graduated from NYU with a MA in Journalism. Feel free to email any comments or tips to [email protected] or to reach out on Twitter (@catarinalsm).
Source: https://www.theblock.co/post/163357/bitcoin-mining-stock-report-friday-august-12?utm_source=rss&utm_medium=rss