What's Going On With Bitcoin Mining Stocks Marathon Digital, Riot Platforms And CleanSpark?
Portfolio Pulse from Adam Eckert
Bitcoin mining stocks Marathon Digital, Riot Platforms, and CleanSpark are experiencing declines as Bitcoin trades below $62,000. Bitcoin's recent drop of 4.5% over 24 hours and 6.5% over the last week is contributing to the weakness in crypto-related stocks. The recent halving event has also put pressure on miners, with Marathon Digital, Riot Platforms, and CleanSpark seeing significant stock price drops.
June 24, 2024 | 1:17 pm
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NEGATIVE IMPACT
CleanSpark's stock is down 3.93% as Bitcoin trades below $62,000. The recent halving event and Bitcoin's price drop are contributing to the decline.
CleanSpark is directly impacted by Bitcoin's price movements and the recent halving event, which reduces mining rewards. The stock's decline is a direct response to these factors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Marathon Digital's stock is down 3.59% as Bitcoin trades below $62,000. The recent halving event and Bitcoin's price drop are contributing to the decline.
Marathon Digital is directly impacted by Bitcoin's price movements and the recent halving event, which reduces mining rewards. The stock's decline is a direct response to these factors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Riot Platforms' stock is down 3.25% as Bitcoin trades below $62,000. The recent halving event and Bitcoin's price drop are contributing to the decline.
Riot Platforms is directly impacted by Bitcoin's price movements and the recent halving event, which reduces mining rewards. The stock's decline is a direct response to these factors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100