Mining • October 7, 2022, 5:25PM EDT

Bitcoin mining stock report: Friday, October 7

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The Block

Quick Take

  • Share prices for most bitcoin miners fell in the markets on Friday.
  • TeraWulf, Argo and Iris Energy were among the most poorly performing stocks.

Most bitcoin mining stocks tracked by The Block trended downward on Friday.

The cryptocurrency fell below $20,000 in the morning, trading at around $19,500 by market close, according to data from TradingView.

 

TeraWulf was down by 23.60%, followed by Argo Blockchain (-23.02% on Nasdaq), which said earlier in the morning that it plans to raise $34 million.

Iris Energy was down 15.68% after announcing in its monthly operational update that it is looking at “potential M&A” opportunities.

Notably over the week, SAI.TECH's stock rose 78.93%.

Here's how crypto mining companies performed on Friday, Oct. 7:

An overview of how miners fared over the week of trading:


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