Bitcoin mining stock report: Thursday, May 5

All the major publicly traded bitcoin miners ended Thursday on a decline, a perhaps unsurprising development given the turbulence in US equities. 

Still, some fared better than others.

Marathon’s stock fell 10.47% on Thursday, a day after announcing during its Q1 earnings call a net loss of $13 million, even though bitcoin production rose by a “record” 1,259 in the first three months of the year. 

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After Argo announced in the early hours of the morning that it was powering its new flagship mining facility in Texas and expecting to start mining next week, the London-based company’s stock went up by about 10%, eventually dropping back down to similar levels and ending the day at a 0.83% drop.

Here is a brief look at how some of the major crypto mining companies faired in the markets on Thursday, May 5:

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Source: https://www.theblockcrypto.com/post/145298/bitcoin-mining-stock-report-thursday-may-5?utm_source=rss&utm_medium=rss