Bitcoin mining stock report: Tuesday, August 9

Quick Take

  • Bitcoin mining companies saw their stocks fall on Tuesday as the coin’s value dropped close to $23,100.
  • Stronghold, SAI.TECH and Mawson Infrastructure Group posted significant losses.

Most bitcoin stocks declined on Tuesday, as the coin's value fell closer to the $23,000 mark.

Bitcoin was priced at around $23,100 at market close, according to data from TradingView.

Stronghold's stock fell by 10.25%, followed by SAI.TECH (-9.78%) and Mawson Infrastructure Group (-8.19%).

CleanSpark posted $29.3 million net losses in its most recent quarter ending in June and announced that it is exiting the energy business. The company also said that it acquired a 36-megawatt mining facility in Georgia. The miner was down by 5.26% at the end of the trading session

Cipher Mining's stock rose 2.36% after the miner announced in the morning that it completed a 40-megawatt wind-powered site in Texas.

Here's how crypto mining companies performed on Tuesday, August 9:


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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).