Bitcoin (CRYPTO: BTC) mining stocks Marathon Digital Holdings Inc , Riot Platforms Inc and CleanSpark Inc are moving lower Monday alongside the price of Bitcoin.
What To Know: Bitcoin is down about 2.5% over the last 24 hours driving weakness in the broader crypto space and in crypto-related stocks. The move comes as Bitcoin has rallied in recent weeks after Bitcoin spot ETFs reported several consecutive days of positive fund flows. Bitcoin is up about 9% over the last month and is about 15% off all-time highs.
Bitcoin miners report mining metrics on a monthly basis. Marathon, Riot and CleanSpark ( CLSK ) are expected to report numbers for September this week.
Last month, Marathon said it mined 673 Bitcoin with an energized hash rate of 35.2 EH/s, Riot mined 322 Bitcoin with an average operating hash rate of 14.5 EH/s and CleanSpark ( CLSK ) mined 478 Bitcoin with an operating hash rate of 22.6 EH/s.
Marathon Digital engages in mining digital assets and focuses on the Bitcoin ecosystem. The stock was down 3.76% at $16.64 at publication time.
Riot Blockchain is focused on building, supporting and operating blockchain technologies. Shares were down 3.44% at $7.57 Monday morning.
CleanSpark ( CLSK ) is an energy company that transitioned its expertise to focus on Bitcoin mining in 2020. CleanSpark ( CLSK ) shares were down 4.74% at $9.65 at the time of writing.
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$BTC Price Action: At the time of publication, Bitcoin was down 2.48% over a 24-hour period, trading around $64,000, according to Benzinga Pro.