Most of the bitcoin mining stocks tracked by The Block were down on Tuesday as the coin plunged from $22,700 in the morning, following the news that U.S. inflation rose 8.3% year-on-year, above estimates.
Bitcoin was trading at roughly $20,300 at closing time, according to data from TradingView.
Hut 8's stock fell by 15.42% on Nasdaq, followed by Stronghold Digital Mining (-12.65%), Core Scientific (-11.45%) and Bitfarms (-11.35% on Nasdaq).
Here's how crypto mining companies performed on Tuesday, Sept. 13:
© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
