Bitcoin mining stocks recovered on Friday, as the coin’s price fell below $23,000 after reaching $24,400 earlier in the day.
Core Scientific saw its stock rise by 10.65% after announcing that it mined 10.4% more bitcoin month-over-month in July, despite having cut power last month due to extreme temperatures in Texas.
Iris Energy’s stock also went up by 7.00%, followed by CleanSpark (+6.15%) and Marathon (+5.59%).
Argo also increased its bitcoin production in July by 22.4%. However, the company’s stock fell by 1.96% on the London Stock Exchange and 0.4% on Nasdaq.
Here’s how crypto mining companies performed on Friday, August 5:
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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/161855/bitcoin-mining-stock-report-friday-august-5?utm_source=rss&utm_medium=rss