A bad day for the leading cryptocurrencies typically means a bad day for cryptocurrency mining companies. Sure enough, on a Wednesday where both Bitcoin and Ethereum sagged in U.S. dollar price, so did major miners.
This was compounded by disappointing preliminary earnings from a peer. As a result, shares of Bitcoin-digger Bit Mining (NYSE: BTCM) slipped by more than 9% on the day, followed by Riot Blockchain (NASDAQ: RIOT) and CleanSpark (NASDAQ: CLSK) , with declines at around the 7% mark.
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For further details see:
Why Bitcoin Miners Like Riot Blockchain Fell Today