Bitcoin retakes $21K, bitcoin mining stocks perk up

Jul. 07, 2022 12:53 PM ETBitcoin USD (BTC-USD), SI, BKKT, MSTR, NILE, CLSK, RIOT, GREE, CORZ, MARA, HUT, SOS, HUT:CABy: Liz Kiesche, SA News Editor20 Comments

Bitcoin cryptocurrency background. A bunch of golden bitcoin, Digital currency


With bitcoin (BTC-USD) steadying and holding above the $20K level, bitcoin mining stocks are climbing in Thursday afternoon trading in the wake of posting June production numbers. The world's largest cryptocurrency by market cap is up 4% over the past 24 hours to $21.0K.

Marathon Digital (NASDAQ:MARA), which hasn't yet announced its June mining numbers, is surging 14%. Hut 8 Mining (NASDAQ:HUT) stock is jumping 12%. It mined 328 bitcoins (BTC-USD) in June, up 6% from May and averaging 10.9 tokens per day.

While Thursday's stock action looks strong, the lot has come off of a rough couple months as seen in this chart. For example, Marathon (MARA) has dropped 77% in the past six months.

Other strong movers include: Riot Blockchain (NASDAQ:RIOT) +11%, Core Scientific (NASDAQ:CORZ) +11%, Greenidge Generatlon (NASDAQ:GREE) +11%, BitNile Holdings (NYSE:NILE) +7.8%, and CleanSpark (NASDAQ:CLSK) +8.0%. SOS Holdings (NYSE:SOS), though, is one of the few crypto stocks in the red, slipping 1.2%.

Most crypto-linked stocks are also climbing with MicroStrategy (NASDAQ:MSTR) gaining 10%, Coinbase Global (+7.0%), Bakkt Holdings (NYSE:BKKT) +4.2%, and Silvergate Capital (NYSE:SI) +4.0%.

Earlier, Silvergate reiterated Buy at BofA on 'relatively stable' digital currency deposit growth

Recommended For You

Comments (20)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.