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Bitcoin miner stocks drop on ‘unsubstantiated’ post-halving profit fears: Analyst

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Bitcoin mining shares have dropped this year as Blockware Solutions’ Mitchell Askew says investor concerns are growing over their post-halving profitability.

Blockware Solutions analyst Mitchell Askew says fears around post-halving Bitcoin mining profitability are baseless as crypto miner stock prices have tumbled.) mining sector’s profitability after the cryptocurrency halves its rewards has sent Bitcoin mining shares in the United States and abroad tumbling — but those fears aren’t well founded, an industry analyst says.

Marathon Digital and Riot Platforms — two of the largest BTC miners — have seen their share prices tank around 53% and 54%, respectively, since their February year-to-date highs,

 

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