Bitcoin mining companies were down in the stock market on Friday afternoon, notably with Riot dropping 6.87% and Marathon 5.97% on the NASDAQ stock exchange.
Contrary to other miners, Argo’s stock went up 3.33% on the London Stock Exchange on Thursday. However, the company ended the day on a 1.95% drop on NASDAQ. This week, Argo announced that it secured $70.6 million in loans for its new Texas mining facility, which was energized on Thursday and is expected to start mining next week.
Here is a brief look at how some of the major crypto mining companies faired in the markets on Friday, May 6: