Bitcoin mining stock report: Tuesday, September 13
Quick Take
- Most bitcoin miners saw their stocks fall Tuesday, after Bitcoin’s price plunged.
- Hut 8, Stronghold Digital Mining, Core Scientific and Bitfarms were among the most underperforming stocks.
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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