Almost every bitcoin mining stock tracked by The Block trended downward on Tuesday.
Bitcoin was trading at around $19,000 by market close, according to data from TradingView.
Argo Blockchain fell 14.51% on the London Stock Exchange, followed by TeraWulf (-13.08%), HIVE Blockchain (-10.02% on the Toronto Stock Exchange) and Bitfarms (-9.22% on the Toronto Stock Exchange).
Bit Digital was down 3.67% after news that a Blockfusion facility, hosting 17% of the company’s mining fleet, was ordered to shut down due to a zoning ordinance.
Here’s how crypto mining companies performed on Tuesday, Oct. 11:
Source: theblock.co
>>> Related: Bitcoin mining facility ordered to shut down as new ordinance goes into effect
