Bitcoin mining stock report: Tuesday, July 26
Bitcoin mining companies were down in the stock market on Tuesday afternoon, as bitcoin’s value fell below $21,000.
The coin was trading at around $20,900 at market close.
TeraWulf, Bit Digital and Marathon’s stocks fell by 14.10%, 13.53% and 12.62%, respectively.
Core Scientific was down by 7.65% after announcing earlier in the day that it closed a deal to host 75 megawatts worth of power capacity, which will bring in $50 million per year in revenue.
Elsewhere in the market, the stock price of crypto exchange Coinbase fell more than 20%.
Here’s how crypto mining companies performed on Tuesday, July 26:
© 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.
Go to Source
Author: Catarina Moura
