All bitcoin mining stocks tracked by The Block fell Thursday, while Core Scientific slumped almost 80% after announcing that it will not be able to make payments by the end of the month and might have to consider bankruptcy.
Bitcoin was trading at around $20,600 at market close but fell further afterward, according to data from TradingView.
BTCUSD Chart by TradingView
Other companies falling by double digits included Argo Blockchain (-18.27% on the London Stock Exchange) and Terawulf (-10.71%).
Here’s how crypto mining companies performed on Thursday, Oct. 27:
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