Bitcoin miners are experiencing a significant drop in stock prices as the upcoming halving is slated for later this week.
The fourth Bitcoin halving, around April 20, will slash mining rewards by half to 3.125 BTC, currently valued at approximately $200,000.
Bitcoin Miner Stocks Decline
The stock prices of Marathon Digital (MARA) and Riot Blockchain (RIOT), key players in Bitcoin mining, have experienced significant declines, dropping by approximately 53% and 54%, respectively, from their peak values earlier this year in February, as per data from Google Finance.
CleanSpark’s (CLSK) stock surged to a three-year high of $23.40 on March 25 but has since retreated by 38.1% to $14.48. Despite this decline, it remains up by almost 250% for the year.
The Valkyrie Bitcoin Miners exchange-traded fund (ETF) has also dropped around 28% this month alone.
Meanwhile, non-U.S. Bitcoin miners like Singapore’s Bitdeer Technologies (BTDR) and Australia’s Iris Energy (IRIS), both listed on the Na
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