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Bitcoin Miners Face a $2.8 Billion Nightmare and Lowest Revenues in a Month

Bitcoin Miners Face a $2.8 Billion Nightmare and Lowest Revenues in a Month
Five companies lost $2.8 billion due to a sudden drop in Bitcoin (BTC) and the broader cryptocurrency market last Thursday. According to data from AltIndex, the total market capitalization of publicly listed cryptocurrency miners fell by 30% within a month, from $9.5 billion to $6.7 billion. At the same time, miners' revenues from cryptocurrency mining dropped to monthly lows.Bitcoin's Flash Crash Cuts Mining Companies' CapitalizationLast Thursday, Bitcoin's price unexpectedly fell by more than... Read More
Posted: Aug 24 2023, 11:54
Author Name: financemagnates
Views: 112263

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