Most bitcoin mining stocks were down on Wednesday, as bitcoin’s price again dipped below $20,000.
As of press time, Bitcoin’s price was at around $19,800, according to TradingView.
Argo Blockchain fell 13.49% on the London Stock Exchange and -3.15% on Nasdaq, after seeing its stock rise the day before by 13.91% and 18.09%, respectively.
Riot, Cipher Mining and Iris Energy also had significant losses — 9.63%, 8.82% and 7.91%, respectively.
Bit Digital announced its first-quarter 2022 financial report. By the end of the trading session, its stock was down by 4.64%.
Here’s how crypto mining companies performed on Wednesday, June 22:
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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/153697/bitcoin-mining-stock-report-wednesday-june-22?utm_source=rss&utm_medium=rss