Wall Street Bitco Miner shares collaps

The shares of mining companies in Bitcoin (BTC) fell publicly listed this week, as the oldest cryptocurrency continued to decline without a $ 90,000 threshold. The expansion of net losses and increased competition has led to the worst performance of the performance of nearly 30 % in one day.

Industry leaders have also been unable to resist the negative direction, as the index that tracks the BTC mining shares decreased to its lowest level since September 2024.

Intensify the losses of miners in Wall Street Bitcoin

CIPHER Mining Inc. shares decreased. (NASDAQ: CIFR) Despite the report of the fourth quarter profits of $ 18 million, or $ 0.05 for the diluted stock. The profits of the modified company amounted to $ 51 million ($ 0.14 per diluted share), but investors seemed more focused on long -term fears about profitability as bitcoin fluctuations in the impact of mining economics continued.

“We had a very popular quarter -quarter in Cipher, where we continued to implement on time to grow and expand our planning plans,” said Tyler Big, CEO of Cipher Mining. Odessa fleet.

However, the net result arouses more interest in the shareholders, which turned into worse than last year. The loss deepened nearly $ 45 million, up from less than $ 26 million in the previous year.

Meanwhile, Bitdeer Technologies Group (Nasdaq: BTDR) faced sharp decreases after reporting more disappointing numbers. Blockchain, based in Singapore, and a high -performance computing company, recorded a net loss of $ 599.2 million for 2024, compared to $ 56.7 million. The total revenue decreased to $ 349.8 million from $ 368.5 million year on year. Matt Kong, business manager at Bitdeer

“Last year, we gave priority to the strategic resources to develop our ASIC technology, which temporarily restricted retail growth and affected our financial performance,” commented Matt Kong, chief business official in Bitdeer.

Wall Street interacts with declines in the profits of miners and bitcoin price

In Stark Investors reaction, Bitdeer’s shares fell 29 % on the Nasdaq Stock Exchange during the Tuesday session, closing $ 9.26 and testing its lowest levels in three months. The blade mining decreased by more than 17 % in response to its latest report, as it decreased to $ 4.10 and up to the lowest level in four months.

Bitdr vs. CIFR opposite BTC Price. Source: TradingView.com

The decline across the entire sector, not only companies that issue new financial results. A prominent example is Mara (Nasdaq: Mara), which is the largest mines publicly trading in Wall Street by the market, as its shares decreased by 11 % to $ 12.42, which is its lowest level since November 2023.

Among the most important Kanaan havens (Nasdaq: Can), which decreased by 17 % to $ 1.29, and Iren (Nasdaq: Iren), decreased 13.6 % to $ 8.78.

The negative feeling is partially provided with a two -day sharp bitcoin decrease. On Tuesday, its price closed much lower than $ 90,000, as the test levels were tested briefly to 86,000 dollars – the lowest level since November.

Bitcoin mining, which was presented by Hazarat, witnessed a sharp decrease, sliding to levels that were not seen within five months.

Source: Retail Index

A prominent example is Nasdaq: RIOT, which also released its financial results this week. The company recorded record revenues of about 377 million dollars and a net income of $ 109 million. Despite these strong numbers, shareholders have more focused on Bitcoin’s performance, which led the shares to decrease to their lowest levels in several months.

This highlights that for many investors, mining shares remain an indirect way to acquire bitcoin exposure to organized stock exchanges, while tracking their prices closely with bitcoin movements.