Bitcoin mining stock report: Tuesday, August 9
Quick Take
- Bitcoin mining companies saw their stocks fall on Tuesday as the coin’s value dropped close to $23,100.
- Stronghold, SAI.TECH and Mawson Infrastructure Group posted significant losses.
Most bitcoin stocks declined on Tuesday, as the coin's value fell closer to the $23,000 mark.
Bitcoin was priced at around $23,100 at market close, according to data from TradingView.
Stronghold's stock fell by 10.25%, followed by SAI.TECH (-9.78%) and Mawson Infrastructure Group (-8.19%).
CleanSpark posted $29.3 million net losses in its most recent quarter ending in June and announced that it is exiting the energy business. The company also said that it acquired a 36-megawatt mining facility in Georgia. The miner was down by 5.26% at the end of the trading session
Cipher Mining's stock rose 2.36% after the miner announced in the morning that it completed a 40-megawatt wind-powered site in Texas.
Here's how crypto mining companies performed on Tuesday, August 9:
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