Latest news with #Bitcoins
Yahoo
a day ago
- Business
- Yahoo
Why Riot Platforms, Inc. (RIOT) Went Down On Wednesday
We recently published a list of . In this article, we are going to take a look at where Riot Platforms, Inc. (NASDAQ:RIOT) stands against other worst-performing stocks. Riot Platforms dropped its share prices by 8.32 percent on Wednesday to close at $8.38 apiece as investor sentiment was dampened by the decline in Bitcoin prices. Riot Platforms, Inc.'s (NASDAQ:RIOT) stock declined alongside its peers, CleanSpark Inc. and MARA Holdings Inc., as traders booked profits following Bitcoin's record high last week. As of 6:07 PM EST, the price of Bitcoin was down by 1.43 percent at the $107,000 level. A computer engineer working in a futuristic office, programming algorithms to mine cryptocurrency. Earlier this month, Riot Platforms, Inc. (NASDAQ:RIOT) said it was able to mine 463 Bitcoins, representing a 23-percent year-on-year growth, but lower by 13 percent month-on-month. During the period, it was also able to sell 475 Bitcoins, bringing its total holdings to 19,211 as of end-April. 'During the month … we made the strategic decision to sell our monthly production of bitcoin to fund ongoing growth and operations. We continuously evaluate the best funding sources, considering a multitude of factors and prioritizing a strong balance sheet,' said Riot Platforms, Inc. (NASDAQ:RIOT) CEO Jason Les. Overall, RIOT ranks 9th on our list of worst-performing stocks. While we acknowledge the potential of RIOT, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than RIOT and that has 10,000x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
Why MARA Holdings, Inc. (MARA) Went Down On Wednesday
We recently published a list of . In this article, we are going to take a look at where MARA Holdings, Inc. (NASDAQ:MARA) stands against other worst-performing stocks. MARA Holdings fell by 9.61 percent on Wednesday to close at $14.86 apiece as investor sentiment was dampened by the drop in Bitcoin prices during the day. As of 6:07 PM EST, the price of Bitcoin was down by 1.43 percent at the $107,000 level, as investors continued to take profits after hitting a new all-time high last week. MARA Holdings, Inc. (NASDAQ:MARA) dropped alongside its counterparts, CleanSpark Inc. and Riot Platforms Inc. Earlier this month, MARA Holdings, Inc. (NASDAQ:MARA) said that it was able to mine 705 Bitcoins last month, which was 15 percent lower than the 829 Bitcoins mined in March. This brought its total ownership to 48,237. An aerial view of a bustling financial district, with skyscrapers and a large financial institution in the city center. MARA Holdings, Inc. (NASDAQ:MARA) also underscored that it opted not to sell any Bitcoin during the period. 'We remain laser-focused on transforming MARA into a vertically integrated digital energy and infrastructure company,' said MARA Holdings, Inc. (NASDAQ:MARA) Chairman and CEO Fred Thiel. Overall, MARA ranks 7th on our list of worst-performing stocks. While we acknowledge the potential of MARA, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MARA and that has 10,000x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
a day ago
- Business
- Yahoo
Why CleanSpark, Inc. (CLSK) Went Down On Wednesday
We recently published a list of . In this article, we are going to take a look at where CleanSpark, Inc. (NASDAQ:CLSK) stands against other worst-performing stocks. Shares of CleanSpark declined by 7.61 percent on Wednesday to finish at $9.11 apiece as investors sold off positions in line with the drop in Bitcoin prices. As of 6:07 PM EST, the price of Bitcoin was down by 1.43 percent at the $107,000 level, as investors continued to book profits after reaching a record high last week. The weakness dribbled into CleanSpark, Inc. (NASDAQ:CLSK), alongside its cryptocurrency mining counterparts such as Riot Platforms Inc. and MARA Holdings Inc. A hall of server racks, illuminated by blue LED lights and humming with energy. In the second quarter of fiscal year 2025, CleanSpark, Inc. (NASDAQ:CLSK) swung to a net loss attributable to shareholders of $138.8 million from a net income of $123.89 million in the same period last year. Revenues, on the other hand, increased by 62 percent to $181.7 million from $111.8 million year-on-year. Last month, CleanSpark, Inc. (NASDAQ:CLSK) was able to mine 633 Bitcoins, and sold 401.39, bringing its total holdings to 12,101 as of end-April. Overall, CLSK ranks 10th on our list of worst-performing stocks. While we acknowledge the potential of CLSK, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CLSK and that has 10,000x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
a day ago
- Business
- Yahoo
Why GameStop Corp. (GME) Went Down On Wednesday
We recently published a list of . In this article, we are going to take a look at where GameStop Corp. (NYSE:GME) stands against other worst-performing stocks. GameStop Corp. declined by 10.85 percent on Wednesday to finish at $31.21 apiece as investors resorted to profit-taking following three consecutive days of rally, while repositioning portfolios after pulling the trigger to buy $500 million of Bitcoins. In a statement, GameStop Corp. (NYSE:GME) said it purchased 4,710 Bitcoins as it looked to other industries to grow its business. It can be learned that GameStop Corp. (NYSE:GME) struggled to remain relevant amid the shifting consumer behavior in the gaming industry, pivoting to digital gaming purchases from physical ones. A gamer playing a game on one of the specialty retail company's gaming platforms. Meanwhile, the $500 million forms part of the company's $1.3 billion Bitcoin purchase program, an amount it planned to raise from offering convertible senior notes. It can be learned that the gaming company had already ventured into cryptocurrency in 2022 with the establishment of a now-defunct cryptocurrency wallet that sent its share prices skyrocketing for days after the launch. Overall, GME ranks 5th on our list of worst-performing stocks. While we acknowledge the potential of GME our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GME and that has 10,000x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
2 days ago
- Business
- Business Insider
Color Star Technology deploys 10,000 Bitmain T21 rigs at Kazakhstan facility
Color Star Technology (ADD) announced a milestone in the company's new cryptocurrency mining business. The company has deployed 10,000 Bitmain Antminer T21 rigs at the facility in Kazakhstan. During its first month of operation in April, the cryptocurrency mining farm generated approximately 29 Bitcoins. Confident Investing Starts Here:
