Core scientific bitcoin mining farm
One of Core Scientific's bitcoin mining farms in the United States

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.

Colin Harper
Colin Harper

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.

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Bitcoin mining market update presented by Virdi Funds

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Head of Research and Content at Luxor Technology