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Bitcoin mining stock report: Thursday, May 12


www.theblockcrypto.com 12 May 2022 21:35, UTC
Reading time: ~2 m

Bitcoin miners fared better in the markets on Thursday, following another day of double-digit falls on Wednesday.

Notably, TeraWulf was up by 17.36% by the end of the trading session. Other companies saw relatively modest recoveries, among them Core Scientific (+7.24%), Riot Blockchain (+6.87%) and BIT Mining (10.83%).

Hut 8 announced its Q1 2022 results on Thursday morning, reporting C$53.3 million in revenue ($40.9 million) and net income of C$55,708. The company's stock rose by around 12% in the morning, before dropping back down and closing the day at +0.32% on the Toronto Stock Exchange.

Here is a look at how other crypto mining companies did in the markets on Thursday, May 12:


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