Bitcoin mining stock report: Tuesday, July 5

Quick Take

  • Bitcoin mining stocks were up as a new week of trading commenced.
  • Bitfarms, Cipher Mining and Hive Blockchain were the most well-performing stocks on Tuesday.

Bitcoin mining stocks had a positive day on the stock market, as Bitcoin's price climbed above the $20,000 mark.

At press time, the price was around $20,590, according to TradingView.

Bitfarms, Cipher Mining and Hive Blockchain performed the best on Tuesday, going up by 17.27%, 15.15%  and 13.70%, respectively.

Core Scientific announced on Tuesday that it sold over 7,000 bitcoin in June — a large majority of its holdings, which as of May 30 had totaled 8,058. The miner's stock was up by 13.25% by the end of the trading session.

TeraWulf announced that it secured an additional $50 million dollars from an existing loan that was initially $123.5 million. The company said it would use the funds to complete its facilities in New York and Pennsylvania. Its stock was up by 5.60% on Tuesday,

Here's how crypto mining companies performed on Tuesday, July 5:


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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).