Most bitcoin mining stocks were up Thursday, with a few exceptions.
Bitcoin price had again dipped below $20,000 on Wednesday but managed to stay above that line on Thursday. As of press time, it was priced at around $20,800, according to TradingView.
Meanwhile, the Bitcoin network mining difficulty was down by 2.35%.
Bitfarms was up by 9.58%, followed by Hive (8.55%) and Stronghold (8.33%).
BIT Mining's stock fell by as much as 39.85%. The Hong Kong-headquartered miner announced Thursday that it would raise about $16 million by selling shares and warrants via a registered direct offering.
The company has entered into a deal with institutional investors which is expected to close June 27, per an announcement Thursday.
Here's how crypto mining companies performed on Thursday, June 23:
© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.