Bitcoin miners IREN, CleanSpark shares plunge as earnings fall short - Source: CoinTelegraph

Shares in crypto mining companies IREN and CleanSpark sank on Thursday as their earnings came in below Wall Street expectations and Bitcoin’s slide saw traders turn risk-off.

Bitcoin has fallen 12% over the past 24 hours to briefly touch a low of $60,000 early on Friday. Meanwhile, the crypto market capitalization fell by almost 9%,accordingto CoinMarketCap.

CleanSpark (CLSK) led the decline, closing trading on Thursday down 19.13% and falling another 8.6% after-hours to $7.55 after its results for the quarter ended Dec. 31 came in below analyst predictions.

Story continues: https://cointelegraph.com/news/bitcoin-miners-iren-cleanspark-financial-earnings-short