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Bitcoin mining stock report: Friday, July 1

Bitcoin mining stock report: Friday, July 1

Multiple bitcoin miners posted recoveries on the stock market after a week mostly of losses.

As of press time, bitcoin’s price was roughly $19,450, per Coinbase data.

Iris Energy’s stock rose by 7.46%, followed by Argo (+6.65% on Nasdaq), BIT Mining (+5.74%) and Mawson Infrastructure Group (+5.50%).

Bitfarms was down 4% on the Toronto Stock Exchange and 1.79% on Nasdaq after announcing results from June’s mining operations. Mining revenues were down by around 40% month-over-month.

Here’s how crypto mining companies performed on Friday, July 1:

© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Author: Catarina Moura


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