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.

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


© 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.

About Author

MK Manoylov is a reporter for The Block covering NFTs, blockchain-based gaming and cybercrime. MK holds a graduate degree from New York University's Science, Health, and Environmental Reporting Program (SHERP).