Bitcoin mining stock report: Thursday, May 5

All the major publicly traded bitcoin miners ended Thursday on a decline, a perhaps unsurprising development given the turbulence in US equities. 

Still, some fared better than others.

Marathon’s stock fell 10.47% on Thursday, a day after announcing during its Q1 earnings call a net loss of $13 million, even though bitcoin production rose by a “record” 1,259 in the first three months of the year. 

After Argo announced in the early hours of the morning that it was powering its new flagship mining facility in Texas and expecting to start mining next week, the London-based company’s stock went up by about 10%, eventually dropping back down to similar levels and ending the day at a 0.83% drop.

Here is a brief look at how some of the major crypto mining companies faired in the markets on Thursday, May 5:

© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Trending Stories