Bitcoin mining stock report: Monday, November 21

by Catarina Moura

Crypto Infrastructure • November 21, 2022, 4:40PM EST

The Block

Quick Take

Share prices for most bitcoin miners went down Monday.
Iris Energy, Marathon, Bitfarms and TeraWulf were among the worst-performing stocks.

Most bitcoin mining stocks tracked by The Block traded lower on Monday, some by double digits.

Bitcoin was trading at around $15,800 by market close, according to data from TradingView.

BTCUSD Chart by TradingView

Iris Energy fell 17.99% after the company said that it unplugged a large majority of its miners in response to a default notice on about $107.8 million in loans.

Marathon's shares fell by 17.14%, followed by Bitfarms (-15.38% on Nasdaq) and TeraWulf (-13.36%).

Here's how crypto mining companies performed on Tuesday, Nov. 21:

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).