Bitcoin mining stock report: Monday, June 6

Bitcoin • June 6, 2022, 4:34PM EDT
The Block

The trading week started off with a mix of Bitcoin companies posting recoveries and others seeing their stocks continue to drop.

Notably, TeraWulf's stock went down by -15.19% and, on the opposite end, Northern Data's rose by +7.91%.

Hut 8 announced with its May operations update that it had mined 309 BTC and decided to hold on to all self-mined bitcoin, keeping with its long-term HODL strategy.

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Hive also released a statement about last month's operations stating that it had grown its hash rate capacity by 8%. In May, Hive mined 273.4 BTC and 2,694 ETH.

On Monday Hut 8's stock was down by -3.46% on the Toronto Stock exchange and -4.33% on Nasdaq. Hive's stock was also down by -2.06% and -2.36% on each, respectively.

Here's how crypto mining companies performed on Monday, June 6:

Data compiled by The Block

About 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).