Bit Mining Plunges 33% Amid Kazakhstan Turmoil

Bit Mining Plunges 33% Amid Kazakhstan Turmoil
·2 min read

Today, crypto-miner Bit Mining (NYSE: BTCM) lost approximately one-third of its market capitalization, nosediving 33% as of 1:30 p.m. ET. This move was the largest among major Bitcoin miners, suggesting there's something going on underneath the surface. Bit Mining is among the largest Bitcoin miners that shifted operations from China to Kazakhstan, following the Chinese ban on cryptocurrency mining.

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