Bitcoin Magazine Bitcoin Mining Stocks Tumble: $BITF, $MARA, and $RIOT See Deep Red

Bitcoin mining stocks felt the pain today as the broader market reacted to a third consecutive day of declines for Bitcoin.

Many major miners are losing double-digit percentages, with Bitfarms ($BITF) leading the losses down over 18%. Riot Platforms ($RIOT) and Marathon Digital Holdings ($MARA) also saw sharp drops of 10%–11%, while Hut 8 and Strategy followed with smaller declines.

The pullback has put a dent in the momentum miners had enjoyed over the past few months, when strong BTC prices and expanding hash rates drove the sector to multi-year highs.

Despite the rough day, much of the Bitcoin mining sector is substantially in the green over the week, with the likes of Applied Digital and Cipher Mini

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