Here is a look at how crypto mining companies faired in the markets on Monday, May 9.
Crypto miner stocks fell by double digits during Monday's trading session.Some of these companies have held on to a large sum of the bitcoin they mine instead of selling it, following a HODL strategy, which means their assets are closely tied to the current value of bitcoin.
, Core Scientific reported having a total of 9,618 BTC by the end of the month. Marathon said it had 9,673 and Riot 6,320 BTC.after a 150% month-over-month production increase. The company also recently announced a massive expansion plan which includes a facility in Texas of up to 1 gigawatt .
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