Coinbase, Marathon Digital, Hut 8 Shares Fall as Cryptocurrencies Decline
December 28 2021 - 11:53AM
Dow Jones News
By Jeffrey T. Lewis
Coinbase Global Inc.'s shares fell 6.1% to $263.29, Marathon
Digital Holdings Inc. declined 10.2% to $35.38 and Hut 8 Mining
Corp. fell 8.7% to $8.04 as a decline in bitcoin dragged the
cryptocurrency-linked companies lower.
Shares of Coinbase started trading in April of this year, and
reached a record high of $357.39 on Nov. 9.
Bitcoin lost 4.5% of its value against the dollar on Tuesday,
and other cryptocurrencies also depreciated against the
greenback.
Other cryptocurrency companies that fell Tuesday include
Bitfarms Ltd., down 6.9% to $5.55, and Riot Blockchain Inc., down
7.7% to $23.86.
Write to Jeffrey T. Lewis at jeffrey.lewis@wsj.com
(END) Dow Jones Newswires
December 28, 2021 11:38 ET (16:38 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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