Bitcoin mining stocks tumble after double-digital gains
Shares of bitcoin (BTC-USD) mining operators, including Riot Blockchain (RIOT) and Marathon Digital Holdings (MARA), have moved into the red Thursday morning. The stocks have reversed course following major gains amid pending approval for a spot bitcoin ETF by the Securities and Exchange Commission (SEC).
Yahoo Finance Crypto Reporter David Hollerith takes a look at Riot’s and Marathon’s plans to expand its crypto mining operations in 2024 and Cathie Wood’s recent sale of ARK Invest’s remaining Grayscale (GBTC) shares.
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