As bitcoin prices once again fell below $21,000 over the weekend, mining stocks had a negative day on the market Monday.
Core Scientific, Bitfarms and Riot Blockchain fell by double digits — 17.02%, 12.50% (on the Nasdaq) and 10.81%, respectively.
Bitcoin’s price was around $20,400 as of press time, according to TradingView.
Greenidge Generation announced Monday that it had mined roughly 18% more bitcoin in June. The company’s stock was down by 3.91% at the end of the trading session.
Here’s how crypto mining companies performed on Monday, July 11:
© 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/156993/bitcoin-mining-stock-report-monday-july-11?utm_source=rss&utm_medium=rss