Part 4/12:
Argo Blockchain recently dropped approximately 14%, partly due to plans to sell some mining equipment and issue additional shares—actions that dilute existing shareholders and dilute capital efficiency.
Marathon Digital reported a significant drop in Bitcoin production, mining only 616 BTC in Q3 compared to 1252 BTC a year earlier. The company also faces potential losses up to $80 million related to a partner’s Chapter 11 bankruptcy, and a large number of miners (around 63,000) are in transit, awaiting deployment.
Other prominent miners, including BlockFarms, CleanSpark, Core Scientific, Hive, Hut 8, Riot, and Marathon, remain under observation as they navigate these headwinds.