A majority of bitcoin miners enjoyed a positive day in the stock markets on Tuesday.
Argo saw its stock rise 18.09% on Nasdaq and 13.91% on the London Stock Exchange. Other stocks that went up included BIT Mining (+11.11%), Riot (+9.46%) and Marathon (+9.23%).
After announcing that it had paid down part of a $100 million dollar loan with the sale of 3,000 BTC, Bifarm’s stock was up by 4.51% on Nasdaq and 3.45% on the Toronto Stock Exchange by the end of the trading session.
Bitcoin mostly fluctuated between $20,000 and $21,000, reaching a high of around $21,600. The price was up since the weekend, when it dipped below $18,000, according to TradingView.
Here’s how crypto mining companies performed on Tuesday, June 21:
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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/linked/153385/bitcoin-mining-stock-report-tuesday-june-21?utm_source=rss&utm_medium=rss