Multiple bitcoin miners posted recoveries on the stock market after a week mostly of losses.
As of press time, bitcoin’s price was roughly $19,450, per Coinbase data.
Iris Energy’s stock rose by 7.46%, followed by Argo (+6.65% on Nasdaq), BIT Mining (+5.74%) and Mawson Infrastructure Group (+5.50%).
Bitfarms was down 4% on the Toronto Stock Exchange and 1.79% on Nasdaq after announcing results from June’s mining operations. Mining revenues were down by around 40% month-over-month.
Here’s how crypto mining companies performed on Friday, July 1:
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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/155559/bitcoin-mining-stock-report-friday-july-1?utm_source=rss&utm_medium=rss