Bitcoin mining stock report: Thursday, May 12

Mining • May 12, 2022, 5:20PM EDT
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Bitcoin miners fared better in the markets on Thursday, following another day of double-digit falls on Wednesday.

Notably, TeraWulf was up by 17.36% by the end of the trading session. Other companies saw relatively modest recoveries, among them Core Scientific (+7.24%), Riot Blockchain (+6.87%) and BIT Mining (10.83%).

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Hut 8 announced its Q1 2022 results on Thursday morning, reporting C$53.3 million in revenue ($40.9 million) and net income of C$55,708. The company's stock rose by around 12% in the morning, before dropping back down and closing the day at +0.32% on the Toronto Stock Exchange.

Here is a look at how other crypto mining companies did in the markets on Thursday, May 12:

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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).

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