Cryptocurrency Prices today, Charts And Market Capitalizations |Ty gia Coin logo Cryptocurrency Prices today, Charts And Market Capitalizations |Ty gia Coin logo
Seeking Alpha 2021-10-12 14:04:36

Hut 8 Mining stock, other crypto miners slip as bitcoin take a breather

Hut 8 Mining (HUT -2.4%) shares decline in early trading as the world's most popular digital token, bitcoin (BTC-USD -0.6%), as well as other cryptocurrencies hit pause after a strong start to Q4. HUT shares fall behind bitcoin (BTC-USD) on a M/M basis, but still outperforms the token by roughly 880 percentage points on a Y/Y basis, according to the chart below. The stock is about 22% off its all-time high of $13 per share from Feb. 22 of this year. The company mined 264 bitcoins in September with total BTC balance held in reserve standing at 4,724 as of Sept. 30; it's ahead of schedule to have more than 5K self-mined bitcoin by the end of Q4. This compares with its August production of 326 bitcoins. Some other crypto miners that are also falling amid crypto's stall includes: Riot Blockchain (RIOT -2.8%), Marathon Digital (MARA -2.7%), Bit Digital (BTBT -5.2%),

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