Bitcoin mining stock report: Thursday, October 27
Quick Take
- Share prices for bitcoin miners slumped Thursday, with Core Scientific falling 78%.
- Argo Blockchain and TeraWulf also fell by double digits.
All bitcoin mining stocks tracked by The Block fell Thursday, while Core Scientific slumped almost 80% after announcing that it will not be able to make payments by the end of the month and might have to consider bankruptcy.
Bitcoin was trading at around $20,600 at market close but fell further afterward, according to data from TradingView.
Other companies falling by double digits included Argo Blockchain (-18.27% on the London Stock Exchange) and Terawulf (-10.71%).
Here's how crypto mining companies performed on Thursday, Oct. 27:
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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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