Bitcoin mining stock report: Thursday, June 23

Quick Take

  • Bitcoin Mining stocks recovered on Wednesday.
  • Bitfarms, Hive Blockchain and Stronghold Digital Mining saw their stocks go up the most.

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.

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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:


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About Author

Catarina is a reporter for The Block based in New York City. Before joining the team, she covered local news at Patch.com and at the New York Daily News. She started her career in Lisbon, Portugal, where she worked for publications such as Público and Sábado. She graduated from NYU with a MA in Journalism. Feel free to email any comments or tips to [email protected] or to reach out on Twitter (@catarinalsm).