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Bitcoin Price Dropped Below $80K, Along with the Performance of BTC Miners from Wall Street in February 2024

  • 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.

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