Bitcoin mining stock report: Monday, May 16
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As a new week of trading commenced, most bitcoin miners' stocks went down during Monday's trading session.
Iris Energy, in particular, fell by 36.45% on Nasdaq. Riot, Marathon and Core Scientific also saw their stocks drop by between 9% and 10%.
After announcing declining revenues in the first quarter of 2022, Bitfarms' stock went down by 5.41% on the Toronto Stock exchange and 7.88% on Nasdaq.
Here is a look at how other crypto mining companies did in the markets on Monday, May 16:
AUTHOR
Catarina is a reporter for The Block based in New York City. Before joining the team, she covered local news at Patch.com and at the New York Daily News. She started her career in Lisbon, Portugal, where she worked for publications such as Público and Sábado. She graduated from NYU with a MA in Journalism. Feel free to email any comments or tips to [email protected] or to reach out on Twitter (@catarinalsm).
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