Bitcoin mining stock report: Tuesday, May 31

On Tuesday's trading session, a mix of bitcoin mining companies saw their stocks rise and fall in the market.

After announcing the first closing in its acquisition of mining hardware company Bee Computing on Tuesday, BIT mining was up by +11.05% on Nasdaq.

Companies that saw their stocks drop on Tuesday include Hut 8 (-8.15% on the Toronto Stock Exchange), Hive Blockchain (-6.59%) and Core Scientific (-4.34% on Nasdaq).

Here's how crypto mining companies performed on Tuesday, May 31:

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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).