Bitcoin mining stock report: Wednesday, November 30

Business•November 30, 2022, 5:33PM EST
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Bitcoin mining stock report: Wednesday, November 30

Quick Take

  • Share prices for most bitcoin miners rose.
  • TeraWulf shares jumped 14% after falling 7.9% yesterday. On Monday, the firm made an operational update that outlined a 76% increase in self-mined bitcoin from September to October and new initiatives to cut its run-rate by 25% over the next 12 months. Greenidge Generation Holdings increased by 13%. 
  • Argo Blockchain saw its shares fall by almost 13% on the London Stock Exchange, while Cipher Mining dropped 12%.
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Most bitcoin mining stocks tracked by The Block rose alongside Bitcoin, which returned to the $17,000 level by market close, roughly a 3.6% increase from yesterday, according to data from TradingView.

BTCUSD Chart by TradingView

TeraWulf shares rose by 14.% today after falling by 7.9% yesterday. The firm made an operational update on Monday that outlined a 76% increase in self-mined bitcoin from September to October and new initiatives to cut its run-rate by 25% over the next 12 months.

The firm also announced that it was mining approximately 4.6 bitcoin per day, at a hash rate of approximately 2.0 EH/s. 

Argo Blockchain saw its shares fall by almost 13% on the London Stock Exchange, while Cipher Mining fell 12%.

Shares of Greenidge Generation Holdings rose today by 13%. 

Here's how crypto mining companies performed on Wednesday, Nov. 30: