Most bitcoin mining stocks tracked by The Block traded down to start the week, while bitcoin was trading at around $20,806 by market close, according to data from TradingView.
BTCUSD chart by TradingView
Elsewhere, Iris Energy said two of its miners received a notice of default on more than $100 million in debt. The mining operator said that the lender alleges they have failed to enter into “good faith” debt restructuring negotiations, according to a filing with the Securities and Exchange Commission. Last week the firm warned of the possible default notice, noting the miners generate $2 million bitcoin a month — $5 million short of the monthly payment.
Here’s how crypto mining companies performed on Monday, Nov. 7:
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Source: https://www.theblock.co/post/183908/bitcoin-mining-stock-report-monday-november-7?utm_source=rss&utm_medium=rss