Skip to Content
Global News Select

Rising Prices Push Crypto Miners' Shares Higher

By Stephen Nakrosis

 

As the cost of bitcoin and other cryptocurrencies rise from recent lows, the share prices of crypto mining companies are also moving into the green.

The prices of bitcoin and many other cryptocurrencies have been declining in recent months. Bitcoin, for instance, was trading at $47,312 on Jan. 22 and at $47,944 on April 22, but fell below $20,000 recently. On Monday, Bitcoin was fetching just over $22,000 per coin.

At 11:31 a.m. ET, Marathon Digital Holdings Inc. shares were trading 23.45% higher at $9.92 a share. The stock had hit a 52-week low of $5.20 a share on July 5.

At 11:34 a.m. ET, Riot Blockchain Inc. shares had risen 18.31% to trade at $6.59 a share. On July 5, the stock traded at a 523-week low of $4.02 a share.

Shares of Coinbase Global Inc. were 14.47% higher at 11:34 a.m. ET, trading at $61.54 a share.

Bitfarms Ltd. shares were also higher, up 13.25% at 11:35 a.m. to $1.31 a share on the Nasdaq. The stock traded at a 52-week low on July 5, hitting $1.04 a share that day. At 11:30 a.m. on the Toronto stock exchange, the company's shares were up 10.97% at C%1.71 a share.

At 11:37 a.m. ET, shares of Hive Blockchain Technologies Inc. were up 10.48% at $3.90 a share.

 

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

July 18, 2022 12:06 ET (16:06 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.