Bitcoin Mining Stocks Dip Despite SEC Clarification on Mining Operations

Shares of major publicly traded Bitcoin mining companies, including MARA, CleanSpark (CLSK), and Bitdeer (BTDR), experienced declines on Friday, despite the SEC clarifying on Thursday that mining operations do not involve securities offerings. As of Friday afternoon, MARA and BTDR were down approximately 1.5%, while CLSK fell by 4.5%. These mining stocks underperformed compared to the Nasdaq Composite and S&P 500, which were down 0.03% and 0.4% respectively. Other crypto firms like Coinbase (COIN) and MicroStrategy (MSTR) also saw dips, down 1.4% and 1% respectively. Bitcoin and Dogecoin prices also decreased by 0.1% and 1.1% respectively in the last 24 hours. This downturn follows a recent JP Morgan report indicating a collective market cap loss of over $23 billion for publicly traded Bitcoin miners in the past month.