The Block • August 5, 2022, 5:11PM EDT

Bitcoin mining stock report: Friday, August 5

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Quick Take

  • Most bitcoin mining companies saw their stocks go up on Tuesday.
  • Core Scientific, Iris Energy, CleanSpark and Marathon were among the most well-performing stocks.

Bitcoin mining stocks recovered on Friday, as the coin's price fell below $23,000 after reaching $24,400 earlier in the day.

Core Scientific saw its stock rise by 10.65% after announcing that it mined 10.4% more bitcoin month-over-month in July, despite having cut power last month due to extreme temperatures in Texas.

Iris Energy's stock also went up by 7.00%, followed by CleanSpark (+6.15%) and Marathon (+5.59%).

Argo also increased its bitcoin production in July by 22.4%. However, the company's stock fell by 1.96%  on the London Stock Exchange and 0.4%  on Nasdaq.

Here's how crypto mining companies performed on Friday, August 5:


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