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10.01 - 14:55
Hedge funds see bitcoin miners ‘going bust’ as crypto winter continues
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fnlondon.comBitcoin miners enjoyed a bumper 2021 amid a historic bull market but with crypto suffering one of its worst-ever corrections this year, some publicly-listed miners are on the verge of being wiped out, according to hedge funds.
Crypto miner Argo Blockchain’s stock has lost nearly 96% of its value in 2022 to date. Nasdaq and Toronto Stock Exchange-listed Hut 8 Mining’s share price plunged by around 88%. Canada-based HIVE Blockchain Technologies is down by 86%.
But...
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