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Bitcoin mining stock report: Friday, August 5
<span class="acf-media-credit"><span class="acf-credit"><span class="acf-credit"><a href="https://www.theblockcrypto.com/" target="_blank">The Block</a></span></span></span>
Quick Take
- Most bitcoin mining companies saw their stocks go up on Tuesday.
- Core Scientific, Iris Energy, CleanSpark and Marathon were among the most well-performing stocks.
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Bitcoin mining stocks recovered on Friday, as the coin's price fell below $23,000 after reaching $24,400 earlier in the day.
Core Scientific saw its stock rise by 10.65% after announcing that it mined 10.4% more bitcoin month-over-month in July, despite having cut power last month due to extreme temperatures in Texas.
Iris Energy's stock also went up by 7.00%, followed by CleanSpark (+6.15%) and Marathon (+5.59%).
Argo also increased its bitcoin production in July by 22.4%. However, the company's stock fell by 1.96%Â on the London Stock Exchange and 0.4%Â on Nasdaq.
Here's how crypto mining companies performed on Friday, August 5:
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