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Most bitcoin mining stocks tracked by The Block trended up on Friday.
The coin was trading at around $20,600 by market close, according to data from TradingView.
BTCUSD Chart by TradingView
Digihost Technology rose by 11.81%, followed by Stronghold Digital Mining (+11.49%) and Hut 8 Mining (+11.32%).
Bitcoin miner and hosting provider Core Scientific fell further down Friday after slumping almost 80% the day before upon news that it will soon run out of cash.
Bitcoin mining stocks also rose over the course of the week — Cipher Mining by 43.75%, Digihost by 41.34% and Argo Blockchain by 30% (on the London Stock Exchange).
Here’s how crypto mining companies performed on Friday, Oct. 28:
An overview of how miners fared over the week of trading:
Read the full article here