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Bitcoin mining stock report: Friday, August 19
<span class="acf-media-credit"><span class="acf-credit"><span class="acf-credit"><a href="https://www.theblockcrypto.com/" target="_blank">The Block</a></span></span></span>
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%.
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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:
Bitcoin Uptober Loading? Live w/ Benjamin Cowen
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