Bitcoin mining companies were down in the stock market on Tuesday afternoon, as bitcoin’s value fell below $21,000.
The coin was trading at around $20,900 at market close.
TeraWulf, Bit Digital and Marathon’s stocks fell by 14.10%, 13.53% and 12.62%, respectively.
Core Scientific was down by 7.65% after announcing earlier in the day that it closed a deal to host 75 megawatts worth of power capacity, which will bring in $50 million per year in revenue.
Elsewhere in the market, the stock price of crypto exchange Coinbase fell more than 20%.
Here’s how crypto mining companies performed on Tuesday, July 26:
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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/159743/bitcoin-mining-stock-report-tuesday-july-26?utm_source=rss&utm_medium=rss