Companies • October 25, 2022, 5:47PM EDT
Quick Take
- Share prices for most bitcoin miners soared in the markets on Tuesday, as the cryptocurrency rose above $20,000.
- Argo Blockchain, Core Scientific, CleanSpark and Hut 8 were among the most well-performing stocks.
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Bitcoin mining stocks rose by double digits on Tuesday, as the coin soared past $20,000 and the crypto market in general rallied.
Except for momentary peaks, Bitcoin has generally been trading under $20,000 since late August. As of market close, it was priced at around $20,300.
Argo Blockchain’s stock rose by 36.23% (on Nasdaq), followed by Core Scientific (+22.46%), CleanSpark (+18.49%) and Hut 8 (+17.17%).
Here’s how crypto mining companies performed on Tuesday, Oct. 25: