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:
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