Bitcoin Mining Stocks Plunge as Revenue Craters Amid Market Carnage

Bitcoin Mining Stocks Plunge as Revenue Craters Amid Market Carnage

MARA, RIOT, CLSK among mining stocks that fell more than 10% on Monday.

Mining stocks lose $12 billion despite Bitcoin’s stability – All the details!

Crypto mining stocks have shed $12 billion in value, decoupling from Bitcoin's price. Is turbulence ahead for the crypto market?

Will Baxter, vice president of the Braiins pool, explained that given the current BTC mining environment, only two classes of miners will survive. Read more

Key points of the news: Bitcoin mining operations such as MARA, RIOT and CLSK fell more than 10% due to regulatory pressure and record competition. New U.S. tariffs increase the cost of mining equipment imported from China, raising the operating costs behind the having. Bitcoin’s computing power reached 1 ZH/s and hashprice fell to $42.40, drastically reducing the profit margins. Shares of the main companies engaged in Bitcoin mining registered …

Bitcoin rate collapsed by over $3,000 on Monday morning. Nevertheless, some experts believe in a quick recovery in cryptocurrency.