Bitcoin mining stock report: August 11

Quick Take

  • Bitcoin mining stocks mostly increased on Thursday, albeit at a modest rate, as bitcoin’s price steadily rose. 
  • Hut 8 in both US and Canada faired the best, with Argo Blockchain in UK not far behind. 

Most bitcoin mining stocks closed Thursday higher than they were at open. The three stocks that faired the best were Hut 8 (US) at +9.23%, Hut 8 (Canada) at +9.2% and Argo Blockchain (UK) at +8.89%. 

CleanSpark, SAI.TECH and Cipher Mining Inc saw the biggest price drops: -4.68%, -2.64% and -2.16% respectively. 

The price increases and decreases on Thursday were modest compared to Wednesday's bitcoin mining stock fluctuations. Yesterday, CleanSpark jumped  by 27.78% while SAI.TECH fell by 7.85%.

On Thursday, the price of bitcoin eclipsed $24,000, continuing the gradual rise it has seen for most of August.

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Here's how crypto mining companies performed on Thursday, August 11:


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About Author

MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University's Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.