Bitcoin mining stocks recovered on Friday, as the coin’s price fell below $23,000 after reaching $24,400 earlier in the day.
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Core Scientific saw its stock rise by 10.65% after announcing that it mined 10.4% more bitcoin month-over-month in July, despite having cut power last month due to extreme temperatures in Texas.
Iris Energy’s stock also went up by 7.00%, followed by CleanSpark (+6.15%) and Marathon (+5.59%).
Argo also increased its bitcoin production in July by 22.4%. However, the company’s stock fell by 1.96% on the London Stock Exchange and 0.4% on Nasdaq.
Here’s how crypto mining companies performed on Friday, August 5:
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