Most bitcoin mining stocks rose on Thursday, with a few exceptions.

Bitcoin price had once again fallen below $20,000 on Wednesday, but managed to stay above that line on Thursday. At press time, its price was around $20,800, according to TradingView.

Meanwhile, the mining difficulty of the Bitcoin network has decreased by 2.35%.

Bitfarms rose 9.58%, followed by Hive (8.55%) and Stronghold (8.33%).

Shares of BIT Mining fell 39.85%. The Hong Kong-based miner announced on Thursday that it would raise approximately $16 million by selling shares and warrants through a registered direct offering.

The company has reached an agreement with institutional investors that is expected to close on June 27, according to an announcement Thursday.

Here’s how crypto mining companies fared on Thursday, June 23:

© 2022 The Block Crypto, Inc. All rights reserved. This article is provided for informational purposes only. It is not offered or intended for use as legal, tax, investment, financial or other advice.

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