Bitcoin mining stocks were down Thursday, some by double digits, as the coin’s value fell from the previous day.
Bitcoin was trading at around $19,900 at market close, according to data from TradingView.
Bitcoin mining revenues were up in August by 10% month-over-month, according to data compiled by The Block Research.
Northern Data’s stock fell 14.43%, followed by Digihost (-12.75%), Cipher Mining (-10.95%) and SAI.TECH (-10.23%).
Bitfarms was down by 5.17% on the Toronto Stock Exchange after the company announced Thursday morning that it mined 6.8% more BTC in August compared to the previous month.
Here’s how crypto mining companies performed on Thursday, September 1:
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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/167275/bitcoin-mining-stock-report-thursday-september-1?utm_source=rss&utm_medium=rss