Bitcoin mining stock prices pummeled in broader market sell off

Bitcoin mining stock prices were in free fall with the wider market on Thursday, with many marquee names down double digits as the market reckons with the Federal Reserve’s decisions to keep rates unchanged on Wednesday. In the hours after market open, bitcoin mining stocks that have been expanding into AI and pure-play bitcoin miners alike fell precipitously. Among the hardest hit were Cipher Mining (-9%), CleanSpark (-7.6%), TeraWulf (-7.3%), HIVE (-7.1%), Cango (-6.4%), IREN (-6.3%), Riot (-6.6%), and ...