Bitcoin mining stock report: Friday, August 19

Quick Take

  • Bitcoin mining companies saw their stocks fall by double digits on Friday.
  • Over the week several companies lost over 20% of their stock value, with BIT Mining’s share price falling just over 50%.

Most bitcoin mining stocks fell by double digits on Friday as bitcoin's price dropped below $22,000.

The coin was trading at around $21,400 at market close, compared to$23,400 the day before.

HIVE Blockchain's stock was down by 16.00% on the Toronto Stock Exchange, followed by Marathon (-15.46%) Mawson Infrastructure Group (-14.74%), and Core Scientific (-14.09%). 

CleanSpark was down by 10.60%, after announcing that it closed on the acquisition of a site in Georgia initially reported last week.

Here's how crypto mining companies performed on Friday, August 19:

An overview of how miners fared over the week of trading:

© 2023 The Block. 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.