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Why Bitcoin Miners Like Riot Blockchain Fell Today

TheMotleyFool

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Why Bitcoin Miners Like Riot Blockchain Fell Today:

A bad day for the leading cryptocurrencies typically means a bad day for cryptocurrency mining companies. Sure enough, on a Wednesday where both Bitcoin and Ethereum sagged in U.S. dollar price, so did major miners.

This was compounded by disappointing preliminary earnings from a peer. As a result, shares of Bitcoin-digger Bit Mining (NYSE: BTCM) slipped by more than 9% on the day, followed by Riot Blockchain (NASDAQ: RIOT) and CleanSpark (NASDAQ: CLSK), with declines at around the 7% mark.

Image source: Getty Images.

Source Fool.com

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