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Bitcoin mining stock report: Friday, October 28

By Catarina Moura • Edited by Madhu Unnikrishnan

Ecosystems•October 28, 2022, 5:10PM EDT

UPDATED: October 28, 2022, 6:10PM EDT

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Bitcoin mining stock report: Friday, October 28

Quick Take

Share prices for most bitcoin miners rose in the markets on Friday.
Digihost Technology, Stronghold Digital Mining and Hut 8 were among the most well-performing stocks.
Bitcoin mining stocks also went up over the course of the week.

Most bitcoin mining stocks tracked by The Block trended up on Friday.

The coin was trading at around $20,600 by market close, according to data from TradingView.

BTCUSD Chart by TradingView

Digihost Technology rose by 11.81%, followed by Stronghold Digital Mining (+11.49%) and Hut 8 Mining (+11.32%).

Bitcoin miner and hosting provider Core Scientific fell further down Friday after slumping almost 80% the day before upon news that it will soon run out of cash.

Bitcoin mining stocks also rose over the course of the week — Cipher Mining by 43.75%, Digihost by 41.34% and Argo Blockchain by 30% (on the London Stock Exchange).

Here's how crypto mining companies performed on Friday, Oct. 28:

An overview of how miners fared over the week of trading: