A bad year for crypto is a really bad one for crypto miners

Shares of crypto miners Marathon Digital Holdings Inc., Riot Blockchain Inc. and Core Scientific Inc. are all down 55% or more this year (Photo: Reuters) — Shares of crypto miners Marathon Digital Holdings Inc., Riot Blockchain Inc. and Core Scientific Inc. are all down 55% or more this year (Photo: Reuters)

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4 min read . Updated: 12 Sep 2022, 04:49 PM IST Caitlin Ostroff, The Wall Street Journal

Electricity bills are surging and the equipment isn’t worth what it used to be, which makes for a bleak outlook for companies that mine bitcoin and ether

Last year was harvest time for crypto miners. Now, they’re getting hit on all sides.

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