Crypto Mining Stocks Plummet Amid August Downturn
The crypto mining industry is experiencing a downturn in regular trading hours on August 10th. According to Moomoo, Cipher Digital (CIFR.US) is leading losses with a 5.5% drop to $16.24 and a turnover of $251.3 million. MARA Holdings (MARA.US) also dipped 5.15% to $9.57 with a turnover of $155.98 million.
TeraWulf (WULF.US) is another stock in the industry that slid 5.21% to $16.19 with a turnover of $258.64 million. The data provided by Moomoo identifies industry trends based on three indicators: industry turnover ratio, industry percentage change, and the number of stocks within the industry that meets the percentage change requirement.
The industry trend is typically generated once in each trading session (pre-market/regular hour/after-market), so the data may be incomplete. For investors tracking crypto mining stocks, this information can help inform their decisions.