Bitcoin mining stock report: Friday, August 12
As the week of trading comes to an end, most bitcoin miners showed positive results.
Bitcoin’s value rose above $24,000 on Friday, trading at almost $24,200 by the end of the day, according to data from TradingView.
Hut 8’s stock rose by 18.92% on Nasdaq, a day after revealing its second-quarter earnings. In terms of percentage change from Monday, the company’s shares also had the highest performance among the companies tracked by The Block (+42.51% on Nasdaq).
Core Scientific, which also announced its second-quarter earnings report on Thursday, after market close, saw its stock go up by 3.7%. The miner posted an $862 million net loss and $164 million in revenues.
Here’s how crypto mining companies performed on Friday, August 12:
An overview of how miners fared over the week of trading:
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Author: Catarina Moura