Bitcoin miners fared better in the markets on Thursday, following another day of double-digit falls on Wednesday.
Notably, TeraWulf was up by 17.36% by the end of the trading session. Other companies saw relatively modest recoveries, among them Core Scientific (+7.24%), Riot Blockchain (+6.87%) and BIT Mining (10.83%).
Hut 8 announced its Q1 2022 results on Thursday morning, reporting C$53.3 million in revenue ($40.9 million) and net income of C$55,708. The company’s stock rose by around 12% in the morning, before dropping back down and closing the day at +0.32% on the Toronto Stock Exchange.
Here is a look at how other crypto mining companies did in the markets on Thursday, May 12: