Major U.S. cryptocurrency mining companies listed on Wall Street reported lower Bitcoin production in February compared to January.
The decline in revenue was impacted by a sharp correction in BTC prices last month, with the oldest cryptocurrency losing 18% and briefly dropping below $80,000.
Cipher Mining Inc. produced approximately 180 bitcoins in February, down from 219 in January.
Mining companies experienced a decline in production, while Riot Platforms, Canaan Inc., and Bitfarms Ltd. reported decreases in Bitcoin output.