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Bitcoin mining stock report: Monday, August 8
<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
- Most bitcoin mining companies saw their stocks go up.
- Iris Energy, Greenidge Generation, Stronghold Digital Mining and TeraWulf were among the most well-performing stocks.
Most bitcoin mining stocks were up Monday as the coin's value rose above $24,000.
Bitcoin was trading at $23,900 at the end of the trading session, data from TradingView show.
Iris Energy's stock was up by 14.56% after the company announced that it doubled its hash rate and expects to reach 3.7 exahash per second (EH/s) by the end of the month.
Other companies that posted double-digit gains include Greenidge Generation (12.32%), Stronghold Digital Mining (+12.30%) and TeraWulf (+10.42%).
Here's how crypto mining companies performed on Monday, August 8:
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