Bitcoin mining stock report: Friday, May 6

Mining • May 6, 2022, 6:11PM EDT
The Block

Bitcoin mining companies were down in the stock market on Friday afternoon, notably with Riot dropping 6.87%  and Marathon 5.97% on the NASDAQ stock exchange.

Contrary to other miners, Argo's stock went up 3.33% on the London Stock Exchange on Thursday. However, the company ended the day on a 1.95% drop on NASDAQ. This week, Argo announced that it secured $70.6 million in loans for its new Texas mining facility, which was energized on Thursday and is expected to start mining next week.

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Here is a brief look at how some of the major crypto mining companies faired in the markets on Friday, May 6:

About Author

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).

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