As bitcoin’s price rose above $20,000 on Thursday, mining stocks showed mixed results by the end of the trading session.
Companies like Riot, Hut 8 and Digihost saw their stocks go up by 7.91%, 3.65% (on the Toronto Stock Exchange) and 3.64%, respectively.
Others fell on the stock market, including Cipher Mining, BIT Mining and Iris Energy — down 6.98%, 3.74% and 3.69%, respectively.
Bitcoin’s price was around $20,600 at the time of publication, according to TradingView.
CleanSpark announced Thursday that it bought 1,061 rigs at a “substantially discounted price,” after announcing another large order just last month. The company’s stock rose by 0.24% on Thursday.
Here’s how crypto mining companies performed on Thursday, July 14:
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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/157696/bitcoin-mining-stock-report-thursday-july-14?utm_source=rss&utm_medium=rss