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Bitcoin mining stock report: Monday, October 31
UPDATED: November 1, 2022, 4:47PM EDT
<span class="acf-media-credit"><span class="acf-credit"><span class="acf-credit"><a href="https://www.theblockcrypto.com/" target="_blank">The Block</a></span></span></span>
Quick Take
- Share prices for most bitcoin miners fell in the markets on Monday.
- Argo Blockchain fell 50% upon news that it might become cash flow negative.
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Most bitcoin mining stocks tracked by The Block declined on Monday.
Bitcoin was trading at around $20,400 by market close, according to data from TradingView.
Argo Blockchain fell 51.92% on the London Stock Exchange and 43.65% on Nasdaq, after saying that it might become negative cash flow negative due to a financing deal that fell through.
Cipher Mining fell 12.17%, followed by Bitfarms (8.68%) and Hive Blockchain (8.58% on Nasdaq).
Here's how crypto mining companies performed on Monday, Oct. 31:
