Bitcoin mining stock report: Wednesday, August 3

Quick Take

  • Most bitcoin mining companies saw their stocks rise on Tuesday.
  • Iris Energy, Hut 8 and Bitfarms’ stocks were among the most well-performing.

Most bitcoin mining companies were up in the stock market on Tuesday, with the coin's value reaching over $23,500 in the afternoon.

Iris Energy, Hut 8 and Bitfarms' stocks were among the most well-performing, going up by 19.70%, 10.60% (on Nasdaq) and 10.05% (on the Toronto Stock Exchange), respectively.

Riot announced in the morning that it mined 28% less bitcoin month-over-month in July, as it powered down operations amid extreme heat in Texas. However, the company also got $9.5 million in power credits. By the end of the trading session, Riot was up by 4.77%.

CleanSpark's stock rose by 2.43%, after the company announced that it generated roughly $8.8 million from the sale of 426 BTC in July.

Here's how crypto mining companies performed on Wednesday, August 3:


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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).

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