Most bitcoin mining stocks were up Thursday, with a few exceptions.
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Bitcoin price had again dipped below $20,000 on Wednesday but managed to stay above that line on Thursday. As of press time, it was priced at around $20,800, according to TradingView.
Meanwhile, the Bitcoin network mining difficulty was down by 2.35%.
Bitfarms was up by 9.58%, followed by Hive (8.55%) and Stronghold (8.33%).
BIT Mining’s stock fell by as much as 39.85%. The Hong Kong-headquartered miner announced Thursday that it would raise about $16 million by selling shares and warrants via a registered direct offering.
The company has entered into a deal with institutional investors which is expected to close June 27, per an announcement Thursday.
Here’s how crypto mining companies performed on Thursday, June 23:
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