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Bitcoin mining stock report: Monday, July 5

Finance

www.theblock.co 05 July 2022 21:41, UTC
  
Reading time: ~2 m

Bitcoin mining stocks had a positive day on the stock market, as Bitcoin's price climbed above the $20,000 mark.

At press time, the price was around $20,590, according to TradingView.

Bitfarms, Cipher Mining and Hive Blockchain performed the best on Tuesday, going up by 17.27%, 15.15%  and 13.70%, respectively.

Core Scientific announced on Tuesday that it sold over 7,000 bitcoin in June — a large majority of its holdings, which as of May 30 had totaled 8,058. The miner's stock was up by 13.25% by the end of the trading session.

TeraWulf announced that it secured an additional $50 million dollars from an existing loan that was initially $123.5 million. The company said it would use the funds to complete its facilities in New York and Pennsylvania. Its stock was up by 5.60% on Tuesday,

Here's how crypto mining companies performed on Monday, July 5:

   Source
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