The Block: Bitcoin mining stock report: Wednesday, November 30

Most bitcoin mining stocks tracked by The Block rose alongside Bitcoin, which returned to the $17,000 level by market close, roughly a 3.6% increase from yesterday, according to data from TradingView.

BTCUSD Chart by TradingView

TeraWulf shares rose by 14.% today after falling by 7.9% yesterday. The firm made an operational update on Monday that outlined a 76% increase in self-mined bitcoin from September to October and new initiatives to cut its run-rate by 25% over the next 12 months.

The firm also announced that it was mining approximately 4.6 bitcoin per day, at a hash rate of approximately 2.0 EH/s. 

Argo Blockchain saw its shares fall by almost 13% on the London Stock Exchange, while Cipher Mining fell 12%.

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Shares of Greenidge Generation Holdings rose today by 13%. 

Here’s how crypto mining companies performed on Wednesday, Nov. 30:

© 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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