Bitcoin mining stock report: Wednesday, June 15

Mining • June 15, 2022, 4:45PM EDT
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Bitcoin mining companies had another mostly positive day on the stock markets Wednesday, recovering from steep falls on Monday alongside most of the crypto sector.

Northern Data, Cipher Mining and Core Scientific's stocks went up by +8.07%, +7.33% and +6.54%, respectively.

On the opposite end, Argo Blockchain's stock went down by -7.67% on the London Stock Exchange. Other companies had smaller drops, including Mawson Infrastructure Group (-1.17% ) and Marathon (-1.01%).

The US Federal Reserve said Wednesday afternoon that it would be raising interest rates by 75 basis points. After the announcement, bitcoin prices fell to around $20.300 but jumped back up since.

At press time, it was around $21,800.

Here's how crypto mining companies performed on Wednesday, June 15:

AUTHOR

Catarina Moura profile picture Catarina Moura

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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