The post Bitcoin Miner Stocks Plummet: Marathon, Riot, CleanSpark Take a Hit appeared first on Coinpedia Fintech News
As the highly anticipated Bitcoin halving draws near, the mining sector faces a downturn, with stock prices plummeting despite top executives maintaining a bullish outlook.
Bitcoin Miners Face Market Turbulence
The imminent Bitcoin halving event, set to slash mining rewards from 900 to a 450 daily tokens, has sent shaken the mining industry. High-profile companies like Marathon Digital Holdings Inc., Riot Platforms Inc., and CleanSpark Inc. have witnessed their stock prices fall consecutively for three days, with the Valkyrie Bitcoin Miners ETF dropping by approximately 28% this month.
Moreover, the current geopolitical tensions, especially the conflict between Iran and Israel have heightened the sector’s struggles, reducing people’s interest in them and further driving the fall in share price.
CEO Insights on Long-Term Viability
Despite the curre
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