Bitcoin mining stock report: Friday, May 27

Bitcoin • May 27, 2022, 4:40PM EDT

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:

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).