A majority of bitcoin mining stocks fell on the stock market on Thursday, while some still recovered.
Bitcoin was trading at around $23,400 at market close, according to data from TradingView.
Hut 8’s stock fell by 10.03% on Nasdaq, followed by Greenidge Generation (-9.67%) and Cipher Mining (-9.38%).
On the other side, Iris Energy, SAI.TECH and HIVE Blockchain saw their stocks rise by 7.71%, 4.82% and 2.50% (on the Toronto Stock Exchange), respectively.
Here’s how crypto mining companies performed on Thursday, August 18:
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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/164381/bitcoin-mining-stock-report-thursday-august-18?utm_source=rss&utm_medium=rss