Most bitcoin mining companies were up in the stock market on Tuesday.
The coin was trading at around $23,000 by market close, according to TradingView.
Cipher Mining, Core Scientific and Hive Blockchain’s stocks were among the most well-performing, going up by 13.50%, 12.86% and 7.79% (on the Toronto Stock Exchange).
Marathon announced after market close on Monday that it secured an additional $100 million in credit from Silvergate Bank and refinanced an existing $100 million bitcoin-backed loan. The company’s stock was up by 5.62% on Tuesday.
Digihost’s stock fell by 1.56% after announcing plans to transfer part of its mining fleet from New York to a new Alabama site.
Here’s how crypto mining companies performed on Tuesday, August 2:
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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/161051/bitcoin-mining-stock-report-tuesday-august-2?utm_source=rss&utm_medium=rss