Bitcoin mining stock report: Wednesday, August 3
Quick Take
- Most bitcoin mining companies saw their stocks rise on Tuesday.
- Iris Energy, Hut 8 and Bitfarms’ stocks were among the most well-performing.
Most bitcoin mining companies were up in the stock market on Tuesday, with the coin's value reaching over $23,500 in the afternoon.
Iris Energy, Hut 8 and Bitfarms' stocks were among the most well-performing, going up by 19.70%, 10.60% (on Nasdaq) and 10.05% (on the Toronto Stock Exchange), respectively.
Riot announced in the morning that it mined 28% less bitcoin month-over-month in July, as it powered down operations amid extreme heat in Texas. However, the company also got $9.5 million in power credits. By the end of the trading session, Riot was up by 4.77%.
CleanSpark's stock rose by 2.43%, after the company announced that it generated roughly $8.8 million from the sale of 426 BTC in July.
Here's how crypto mining companies performed on Wednesday, August 3:
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