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Bitcoin mining stock report: Friday, October 7
<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 Friday.
- TeraWulf, Argo and Iris Energy were among the most poorly performing stocks.
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Most bitcoin mining stocks tracked by The Block trended downward on Friday.
The cryptocurrency fell below $20,000 in the morning, trading at around $19,500 by market close, according to data from TradingView.
TeraWulf was down by 23.60%, followed by Argo Blockchain (-23.02% on Nasdaq), which said earlier in the morning that it plans to raise $34 million.
Iris Energy was down 15.68% after announcing in its monthly operational update that it is looking at “potential M&A” opportunities.
Notably over the week, SAI.TECH's stock rose 78.93%.
Here's how crypto mining companies performed on Friday, Oct. 7:
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