Bitcoin Mining Stocks Dive as BTC Price Drops 20% in a Week

Shares of publicly traded Bitcoin miners are plummeting as Bitcoin marked a new 15-month low price, dipping to $72,185 on Wednesday—now down nearly 20% over the last week. Major BTC mining firms MARA Holdings (MARA) and Riot Platforms (RIOT) have seen their shares dip 11.6% and 10% respectively on the day to $7.99 and $13.78. Meanwhile, Hut 8 (HUT) and Cipher Mining (CIFR) have fallen even further, dropping nearly 14.3% and 20.76% since the opening bell to $50.60 and $12.92, respectively.  The miners' drop ...