After a positive start to the week of trading, bitcoin mining stocks were once again down on Wednesday.
Bitcoin’s price continued to revolve around the $20,000 mark, nearing $20,300 as of press time, according to TradingView.
Bitfarms’ stock went down by as much as 9.30%. On the other hand, Northern Data’s rose 9%.
Several miners published updates on Wednesday about last month’s operations. CleanSpark sold nearly all 339 bitcoin it mined in June, Riot announced that it started moving its hardware fleet out of a New York hosting facility and Hut 8 reported that it expanded its bitcoin production in June.
Their stocks dropped by 6.25%, 4.23% and 5.73% (on the Toronto Stock Exchange), respectively.
Here’s how crypto mining companies performed on Wednesday, July 6:
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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/156222/bitcoin-mining-stock-report-wednesday-july-6?utm_source=rss&utm_medium=rss