Cryptographic minor stocks fell double digits during a trading session on Monday.
Core Scientific, Marathon and Riot have confirmed that stock prices have fallen 13.15%, 19.20% and 19.18%, respectively.
Some of these companies follow the HODL (or Hold for Dear Life) strategy and hold most of the mined Bitcoin instead of selling it. This means that the asset is closely related to the current value of Bitcoin.
According to the latest April Production update, Core Scientific reported that it had a total of 9,618 BTC by the end of the month. The marathon said it had 9,673 and riots 6,320 BTC.
Riot, which usually tends to hold Bitcoin, Sold half of the Bitcoin mined last month After a 150% increase in production compared to the previous year. The company also recently announced a major expansion plan that includes up to 1 gigawatt (GW) of Texas facilities.
Let’s take a look at how other crypto mining companies faired in the market on Monday, May 9th.