Crypto Miner Shares Sink as Bitcoin Falls Below $20K
07 Outubro 2022 - 3:22PM
Dow Jones News
By Dean Seal
Shares of cryptocurrency miners fell Friday after the price of
Bitcoin dropped below $20,000 and erased gains seen earlier this
week.
Iris Energy Ltd. dropped 15% to $3.75 Friday after the
sustainable bitcoin mining company published its monthly investor
update for September, which noted that while the amount of bitcoin
mined was up 8% compared with August, monthly operating revenue was
down 6%.
Cleanspark Inc. shares declined more than 6% to a low of $3.01,
one penny off of its 52-week low. The bitcoin miner's shares are
down 68% this year.
Shares of the Toronto-based Bitcoin self-mining company Bitfarms
Ltd. were down 8% to $1.01, touching its 52-week. They are down
almost 80% this year.
The crypto miner Hive Blockchain Technologies Ltd.'s shares
retreated more than 6% to $3.74. They are down almost 72% this
year.
Bitcoin is down more than 59% this year to $19,446 as of 1:36
p.m. ET. After a shaky few weeks under $20,000, Bitcoin's price
started to recover Tuesday and hovered at or above the $20,000
level before sinking around noon.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
October 07, 2022 14:07 ET (18:07 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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