Shares of publicly listed Bitcoin mining companies have fallen as the price of Bitcoin dropped below $90,000. The worst-performing stock lost nearly 30% in a single day due to widening net losses and increased competition. Cipher Mining reported fourth-quarter net earnings of $18 million but saw its net loss increase to nearly $45 million. Bitdeer Technologies Group also reported disappointing numbers, with a net loss of $599.2 million for 2024. Shares of both companies declined significantly in response. The decline in mining stocks was fueled by Bitcoin's price decline, and the Bitcoin Mining Stock Index saw a steep drop.



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