Bitcoin Mining Stock Update 2/25/2022
Bitcoin's price plummeted then soared following the invasion of Ukraine, and Bitcoin Mining stocks saw mixed returns over the week.
This week headlines were dominated by Russia’s invasion of Ukraine. Bitcoin sold off sharply on heavy volume, breaking below the $35k level before quickly rebounding. Corporate news was fairly muted, as Bitfarms announced a $32m financing deal with BlockFi, secured by the company's ASIC portfolio, and Bitfury announced a new 28 MW facility in Ontario.
Bitcoin Mining News
- Bitcoin investors ‘buy the dip’ as BTC nears $40K, gaining 16% in less than 24 hours
- Russian miners keep running, may see pivot to Bitcoin in response to sanctions
- US Bitcoin miners expanding operations despite price volatility
- Bitfarms Enters $32 Million Equipment Financing Agreement
- Bitcoin Miner Core Scientific Has More Than 100% Upside: BTIG
- Kazakh ministry halts illegal crypto mining operations
- Canada to host Bitfury’s new 28-MW crypto mining facility
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