{"id":20929,"date":"2025-04-07T13:47:48","date_gmt":"2025-04-07T13:47:48","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=20929"},"modified":"2025-04-07T13:47:48","modified_gmt":"2025-04-07T13:47:48","slug":"bitcoin-mining-stocks-plunge-as-revenue-craters-amid-market-carnage","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=20929","title":{"rendered":"Bitcoin Mining Stocks Plunge as Revenue Craters Amid Market Carnage"},"content":{"rendered":"<div>\n<p>Bitcoin mining stocks are taking it on the chin alongside broader equity markets as competition ramps up to an all-time high and traders panic-sell equities amid tariff-led uncertainties. <\/p>\n<p>Most mining stocks fell more than 10% on Monday, adding to last week&#8217;s sell-off. MARA Holdings (MARA) fell nearly 11%, Riot Platforms (RIOT) slumped about 8%, and CleanSpark (CLSK) dropped 10% in early Monday U.S. trading. Other crypto-linked stocks, such as Michael Saylor&#8217;s Strategy (MSTR) and crypto exchange Coinbase (COIN), also slid more than 10%.<\/p>\n<p>Read more: <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/04\/07\/strategy-treads-water-on-btc-bet-while-metaplanet-semler-reel-from-heavy-losses\" target=\"_blank\">Strategy Treads Water on BTC Bet, While Metaplanet, Semler Reel From Heavy Losses <\/a><br \/>\nThe sell-off comes as traders around the world panic-sell most asset classes, with equities hit the hardest. U.S. President Donald Trump&#8217;s tariffs added uncertainties to the market and <a href=\"https:\/\/www.cnn.com\/2025\/04\/04\/business\/china-us-tariffs-retaliation-hnk-intl\/index.html\" target=\"_blank\">a trade war<\/a> with China added more concerns for the miners. <\/p>\n<p>Currently, Chinese manufacturers hold the lion&#8217;s share of the market for the machines most miners use to mine for their block rewards. If the tariffs hold, they will likely <a href=\"https:\/\/www.investing.com\/news\/economy-news\/what-is-the-effect-of-us-tariffs-on-bitcoin-mining-3962846\" target=\"_blank\">make mining more expensive<\/a> for those who are already navigating higher energy costs and lower profit margins following the recent halving that cut their rewards by half.<\/p>\n<p>Adding to the pain, the Bitcoin network&#8217;s computing power \u2014 a measure of competition for the miners \u2014 <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/04\/07\/bitcoin-hashrate-surpasses-1-zettahash-as-miner-revenue-hits-record-low\" target=\"_blank\">hit a new all-time high<\/a> of 1 zettahash per second (1 ZH\/s) on Friday, according to data from Glassnode. The previous record was set on Jan. 31, when the network hit 975 exahashes per second (EH\/s).<\/p>\n<p>As the competition ramped up, the bitcoin price has fallen from the recent high of over $109,000 to $77,0000, pressuring mining revenue. Hashprice, a measure of daily income relative to hash power \u2014 has fallen to a record low $42.40, squeezing the miners even further. <\/p>\n<p>Read more: <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/04\/07\/markets-in-freefall-is-the-credit-market-forcing-the-fed-s-hand\" target=\"_blank\">Markets in Freefall: Is the Credit Market Forcing the Fed\u2019s Hand?<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin mining stocks are taking it on the chin alongside broader equity markets as competition ramps up to an all-time high and traders panic-sell equities amid tariff-led uncertainties. Most mining stocks fell more than 10% on Monday, adding to last week&#8217;s sell-off. MARA Holdings (MARA) fell nearly 11%, Riot Platforms (RIOT) slumped about 8%, and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-20929","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/20929","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20929"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/20929\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}