Bitcoin mining stock report: Friday, July 8
Most mining stocks went up on Friday, as bitcoin prices remained above the $21,000 mark.
As of press time, the coin was valued at about $21,800, according to TradingView.
Marathon’s stock rose by 21.40%. Since market open on Tuesday, it has gone up by 57.59%. According to a statement the bitcoin miner released after market close on Thursday, Marathon’s bitcoin production fell by roughly 47.8% month-over-month in June, mostly due to a storm that knocked much of its mining fleet offline.
Marathon currently holds 10,055 BTC at a market value of $198.9 million, according to the statement. It hasn’t sold any bitcoin since October 2020.
Other stocks that performed well on Friday include Cipher Mining (+9.15%), BIT Mining (+7.34%) and Northern Data (+7.32%).
Here’s how crypto mining companies performed on Friday, July 8:
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Author: Catarina Moura
