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:


© 2022 The Block Crypto, Inc. 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.