Bitcoin mining stock report: Monday, October 31
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Quick Take
- Share prices for most bitcoin miners fell in the markets on Monday.
- Argo Blockchain fell 50% upon news that it might become cash flow negative.
Most bitcoin mining stocks tracked by The Block declined on Monday.
Bitcoin was trading at around $20,400 by market close, according to data from TradingView.
Argo Blockchain fell 51.92% on the London Stock Exchange and 43.65% on Nasdaq, after saying that it might become negative cash flow negative due to a financing deal that fell through.
Cipher Mining fell 12.17%, followed by Bitfarms (8.68%) and Hive Blockchain (8.58% on Nasdaq).
Here's how crypto mining companies performed on Monday, Oct. 31:
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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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