Marathon Digital Holdings, Inc (NASDAQ:MARA) and Riot Blockchain, Inc (NASDAQ:RIOT) were plunging about 10% and 7%, respectively, on Wednesday, in exaggeration to Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), which were about .5% and 4% lower, respectively.
The crypto miners are effected by both the cryptocurrency sector and the general markets, which have been heavily bearish for the greater part of 2022, with little sign a large reversal to the upside is on the horizon.