Bitcoin mining stock report: Tuesday, October 25
Quick Take
- Share prices for most bitcoin miners soared in the markets on Tuesday, as the cryptocurrency rose above $20,000.
- Argo Blockchain, Core Scientific, CleanSpark and Hut 8 were among the most well-performing stocks.
Bitcoin mining stocks rose by double digits on Tuesday, as the coin soared past $20,000 and the crypto market in general rallied.
Except for momentary peaks, Bitcoin has generally been trading under $20,000 since late August. As of market close, it was priced at around $20,300.
Argo Blockchain's stock rose by 36.23% (on Nasdaq), followed by Core Scientific (+22.46%), CleanSpark (+18.49%) and Hut 8 (+17.17%).
Here's how crypto mining companies performed on Tuesday, Oct. 25:
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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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