Newly Public Core Scientific Leads Slump in Crypto Mining Stocks

The stocks of other publicly traded miners, which are highly leveraged to the price movements of the cryptocurrencies they mine, have also dropped. On Friday, shares of Hut 8 (HUT) fell about 12%, Hive (HIVE) dropped more than 9%, Riot Blockchain (RIOT) dipped 7%, and Marathon Digital (MARA) fell about 5%.