About half of the bitcoin mining companies tracked by The Block were up and the other half were down on the stock market on Monday.
The coin was trading closer to $23,00o at market close, after climbing above $24,000 over the weekend.
SAI.TECH, CleanSpark and HIVE Blockchain’s stock went up by 10.91%, 9.27% and 8.65% (on the Toronto Stock Exchange), respectively.
On the other side, Stronghold Digital Mining was down by 7.17%, followed by Marathon (-5.54%) and Cipher Mining (-5.23%).
Bitcoin miner Bitfarms announced in a July update that it increased total energy capacity by 21% last month, reaching a total of 166 megawatts.
The company was down by 3.42% on Nasdaq at market close.
Here’s how crypto mining companies performed on Monday, August 1:
© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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/160704/bitcoin-mining-stock-report-monday-august-1?utm_source=rss&utm_medium=rss