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Why Are Bitcoin-Related Stocks Trading Lower Today?

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Why Are Bitcoin-Related Stocks Trading Lower Today?

Shares of several bitcoin-related stocks such as Marathon Digital Holdings, Inc. (NASDAQ: MARA), Riot Blockchain, Inc. (NASDAQ: RIOT) and Canaan Inc. (NASDAQ: CAN) are trading lower amid a decrease in the price of Bitcoin.

Marathon Digital Holdings focuses on mining digital assets and owns crypto-currency mining machines.

The stock was trading approximately 7.6% lower at $31. The stock has a 52-week high of $57.75 and a 52-week low of $0.41.

Riot Blockchain operates in a single segment of cryptocurrency mining.

The stock was trading approximately 9.1% lower at $33.29 per share. The stock has a 52-week high of $79.50 and a 52-week low of $1.03.

See also: How to Buy Bitcoin (BTC)

Canaan engages in the research, design, and sale of integrated circuit final system products by integrating IC products for bitcoin mining.

The stock was trading approximately 4% lower at $11.63 per share. The stock has a 52-week high of $39.10 and a 52-week low of $1.76.

 

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