Cryptocurrency Mining Cos. Shares Decline Along With Price of Bitcoin


By Stephen Nakrosis

Shares of several cryptocurrency miners are lower on Thursday, as the price of Bitcoin and other digital currencies declined.

At 3:31 p.m. ET, Bitcoin was down over 10% on the day, trading at $35,755, according to FactSet. Bitcoin has lost about 47% since touching record highs last November.

At 3:18 p.m. ET, the American depositary receipts of BIT Mining Ltd. were down 12.07%, at $1.53 each.

Shares of Riot Blockchain Inc. were down 13.74% at 3:33 p.m., trading at $9.98 per share.

Shares of Bit Digital Inc. were down 11.67%, trading at $2.00 each.

At 3:36 p.m. ET, shares of Marathon Digital Holdings Inc. had fallen 11.18% to trade at $15.77 per share.

Shares of Cipher Mining Inc. were down 11.31% at 3:37 p.m. ET, trading at $2.90 each.

The Nasdaq was down 5.61% just after 3:30 p.m. ET, while the DJIA had fallen 3.74% at that time.

Write to Stephen Nakrosis at [email protected]



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