Bitcoin mining companies had a rough day in the markets on Monday, with most falling by double digits.
At market open, many of those stocks were already falling sharply — perhaps unsurprisingly given that the price of bitcoin fell below $23,000 at one point, as well as the general turmoil in crypto markets. As of publication time, bitcoin was priced at around $23,390.
BIT Mining notably went down by -36.60%. Digihost Technology, Greenidge Generation and TeraWulf also saw significant losses — respectively, -20.61%, -18.92% and -17.28%.
Here’s how crypto mining companies performed on Monday, June 13:
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Catarina is a reporter for The Block based in New York City. Before joining the team, she covered local news at Patch.com and at the New York Daily News. She started her career in Lisbon, Portugal, where she worked for publications such as Público and Sábado. She graduated from NYU with a MA in Journalism. Feel free to email any comments or tips to [email protected] or to reach out on Twitter (@catarinalsm).
Source: https://www.theblock.co/linked/151764/bitcoin-mining-stock-report-monday-june-13?utm_source=rss&utm_medium=rss