Bitcoin mining stock report: Thursday, July 7

Mining • July 7, 2022, 5:26PM EDT
The Block

Quick Take

  • Bitcoin mining stocks were up by double digits on Thursday.
  • Marathon, Digihost and Greenidge performed the best on the stock market.

Thursday was quite a positive day for bitcoin miners on the stock market, with many going up by double digits.

After dipping below $21,000 for the past two weeks, bitcoin prices shot past it and closer to $22,000 on Thursday. Prices were close to $21,800 as of press time, according to TradingView.

Marathon's stock was up by 24.07%, followed by Digihost (+18.10%) and Greenidge Generation (+16.87% ).

Several miners published updates on Thursday about last month's operations. Argo sold 637 bitcoin in June, Hive Blockchain reported 278.5 BTC mined in June and Iris Energy announced revenues down 27% in June.

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Their stocks rose by 7.19% (on Nasdaq), 12.38% (on the Toronto Stock Exchange) and 10.30%, respectively.

Here's how crypto mining companies performed on Thursday, July 7:


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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).