Bitcoin mining stock report: Thursday, September 29

Bitcoin • September 29, 2022, 4:39PM EDT
The Block

Quick Take

  • Share prices for most bitcoin miners fell in the markets on Tuesday.
  • SAI.TECH, Core Scientific, Digihost Technology and Cipher Mining were among the most underperforming stocks.

Most bitcoin mining stocks tracked by The Block trended downward on Thursday.

Bitcoin sunk below $18,000 in the morning but rallied throughout the rest of the day, trading at around $19,400 during market close, according to data from TradingView.

SAI.TECH's stock fell by 26.14%, followed by Core Scientific (-10.34%), Digihost Technology (-9.34%) and Cipher Mining (-8.96%).

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A new bitcoin miner may soon be added to this report, as Rhodium plans to go public via a merger deal with SilverSun Technologies, months after delaying its IPO.

Here's how crypto mining companies performed on Thursday, Sept. 29:


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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).

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