Bitcoin mining stock report: Monday, August 8

Quick Take

  • Most bitcoin mining companies saw their stocks go up.
  • Iris Energy, Greenidge Generation, Stronghold Digital Mining and TeraWulf were among the most well-performing stocks.

Most bitcoin mining stocks were up Monday as the coin's value rose above $24,000.

Bitcoin was trading at $23,900 at the end of the trading session, data from TradingView show.

Iris Energy's stock was up by 14.56% after the company announced that it doubled its hash rate and expects to reach 3.7 exahash per second (EH/s) by the end of the month.

Other companies that posted double-digit gains include Greenidge Generation (12.32%), Stronghold Digital Mining (+12.30%) and TeraWulf (+10.42%).

Here's how crypto mining companies performed on Monday, August 8:


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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).