Bitcoin (CRYPTO: BTC) mining stocks MARA Holdings Inc (NASDAQ:MARA), Riot Platforms Inc (NASDAQ:RIOT) and CleanSpark Inc (NASDAQ:CLSK) are trading lower Wednesday morning despite a surge in the price of bitcoin. Here’s a look at what’s going on.
What To Know: Bitcoin is hitting new all-time highs again on Wednesday, adding to gains of nearly 25% over the past week. Bitcoin was up 5.8% over a 24-hour period, hovering around $91,775 at the time of writing.
Bitcoin mining stocks outpaced bitcoin’s gains at the start of the week, which may help explain some of the muted action on Wednesday. Bitcoin miners may also be moving lower after MARA Holdings reported third-quarter financial results that fell short …
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