Crypto Mining Stock Update 1/28/22

Bitcoin struggled to find direction during the week as mining stocks continued to slump. Trading was choppy and very sensitive to Fed comments. In corporate news, Greenridge announced details of its new Spartanburg site, and Marathon Digital announced a new Chief Technology Officer.

Notably, for the second week in a row, no crypto mining stocks experienced positive price action over the week.

Crypto Mining News

• Greenidge Generation Establishing Operations in Spartanburg County, SC
• MARATHON DIGITAL HOLDINGS APPOINTS ASHU SWAMI TO CHIEF TECHNOLOGY OFFICER
• Yet another solo Bitcoin miner solved a valid block, earning a reward worth over $220,000
• PUTIN SUPPORTS BITCOIN MINING IN RUSSIA: REPORT