Bitcoin mining companies ended the week of trading on a high note.
For the second day in a row, many of the stocks tracked by The Block closed in the green, with Northern Data, Hut 8 and Riot posting the highest recoveries, of +12.29%, +9.09% (on Nasdaq) and +7.58%, respectively.
Earlier Friday, BIT Mining announced its Q1 2022 results, with a 40.4% dip in revenue, totaling $296.7 million. The Chinese company’s stock was up by +6.78% on Nasdaq by the end of the trading session.
Here's how crypto mining companies performed on Friday, May 27: