Bitcoin mining stock report: Wednesday, July 27

Mining • July 27, 2022, 5:02PM EDT
The Block

Quick Take

  • Most bitcoin miners saw their stocks go up on Wednesday afternoon.
  • Marathon, Core Scientific, Riot and HIVE Blockchain were among the most well-performing stocks.

Bitcoin mining stocks were up on Wednesday, some by double digits, as the coin's value rose above $22,800 after the US Federal Reserve raised interest rates by 75 basis points.

Bitcoin was trading at roughly $22,700 around market close, according to TradingView.

Marathon's stock was up by 21.86%, followed by Core Scientific's (+18.34%), Riot's (+15.14%) and HIVE Blockchain's (+14.66% on Nasdaq).

THE SCOOP

Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

Here's how crypto mining companies performed on Wednesday, July 27:


© 2023 The Block. 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.

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).

More by Catarina Moura