Bitcoin mining stock report: Friday, August 5

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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© 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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