Bitcoin Mining Stocks Fall as Revenues Fall Amid Market Disaster

Bitcoin Mining Shares Slip as Market Disaster Slips Revenues

MARA, RIOT, CLSK are among mining stocks that fell more than 10% on Monday.

Author: Aoyon Ashraf | Edited by: Sheldon Reback April 7, 2025, 1:35 PM

Key points:

• Shares of bitcoin mining companies fell more than 10% on Monday amid increased competition and market volatility.
• US tariffs and the trade war with China are putting additional pressure on production costs and profitability.
• The Bitcoin network's computing power has reached a new record, further reducing miners' income.

Bitcoin mining stocks are struggling as competition rises to historic highs and investors panic-sell shares amid tariff uncertainty.

Most mining stocks fell more than 10% on Monday, adding to the selloff that occurred last week. MARA Holdings (MARA) shares fell nearly 11%, Riot Platforms (RIOT) lost about 8%, and CleanSpark (CLSK) fell 10% in early U.S. trading on Monday. Other crypto stocks, such as Michael Saylor's Strategy (MSTR) and crypto exchange Coinbase (COIN), also fell more than 10%.

By subscribing, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy .

Additional: Strategy Stays Afloat Thanks to BTC Stakes While Metaplanet and Semler Suffer Heavy Losses
The sell-off comes as traders around the world panic-dump most asset classes, with stocks particularly hard-hit. Tariffs imposed by U.S. President Donald Trump have added uncertainty to the market, while the trade war with China has created additional worries for mining companies.

Chinese manufacturers currently control a significant portion of the market for the hardware that most miners use to mine for block rewards. If the tariffs remain in place, they are likely to make mining more expensive for those already facing high electricity costs and reduced profits after the recent halving, which cut their rewards in half.

Additionally, Bitcoin’s network hashrate — a measure of competition for miners — hit a new all-time high of 1 zettahash per second (1 ZH/s) on Friday, according to Glassnode. The previous record was set on January 31, when the network reached 975 exahashes per second (EH/s).

With increased competition, the price of Bitcoin has fallen from a recent peak above $109,000 to $77,000, which has had a negative impact on mining revenue. Hashprice, a measure of daily revenue relative to computing power, has fallen to an all-time low of $42.40, making things even more difficult for miners.

More: Markets in Free Fall: Is Credit Market Putting Pressure on the Fed?

Источник