Most mining stocks went up on Friday, as bitcoin prices remained above the $21,000 mark.
As of press time, the coin was valued at about $21,800, according to TradingView.
Marathon’s stock rose by 21.40%. Since market open on Tuesday, it has gone up by 57.59%. According to a statement the bitcoin miner released after market close on Thursday, Marathon’s bitcoin production fell by roughly 47.8% month-over-month in June, mostly due to a storm that knocked much of its mining fleet offline.
Marathon currently holds 10,055 BTC at a market value of $198.9 million, according to the statement. It hasn’t sold any bitcoin since October 2020.
Other stocks that performed well on Friday include Cipher Mining (+9.15%), BIT Mining (+7.34%) and Northern Data (+7.32%).
Here’s how crypto mining companies performed on Friday, July 8:
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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/156711/bitcoin-mining-stock-report-friday-july-8?utm_source=rss&utm_medium=rss