Bitcoin mining stock report: Core Scientific continues rally with a 72% gain

Infrastructure • December 15, 2022, 5:04PM EST

Quick Take

Despite most mining stocks falling, Core Scientific continued its rally by finishing up 72% today.
CleanSpark and the U.S. and Canadian branches of Bitfarms fell the most.

Despite most mining stocks falling, Core Scientific continued its rally by finishing up 72% today.

Bitcoin was valued at around $17,400 at the close on Thursday, according to data from TradingView. The cryptocurrency steadily fell from its position of roughly $17,800 yesterday.

BTC/USD price chart by TradingView

Core Scientific continued its rally by finishing up 72% today. The firm's shares gained 69% yesterday after B. Riley, one of its largest creditors, proposed a $72 million financing lifeline for the firm. Mawson Infrastructure Group ranked second in gains, rising 6.32%.

CleanSpark fell the most today, down 16.67%, followed by both the U.S. and Canadian companies of Bitfarms, down 12.2% and 11.11%, respectively.

Here's how crypto mining companies performed on Thursday, Dec. 15:

About Author

MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University's Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.