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Bitcoin mining stock report: Monday, May 16

Finance

www.theblock.co 16 May 2022 21:24, UTC
  
Reading time: ~2 m

As a new week of trading commenced, most bitcoin miners' stocks went down during Monday's trading session.

Iris Energy, in particular, fell by 36.45% on Nasdaq. Riot, Marathon and Core Scientific also saw their stocks drop by between 9% and 10%.

After announcing declining revenues in the first quarter of 2022, Bitfarms' stock went down by 5.41% on the Toronto Stock exchange and 7.88% on Nasdaq.

Here is a look at how other crypto mining companies did in the markets on Monday, May 16:


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