A large number of bitcoin miners saw their stocks fall on Tuesday.
Cipher Mining, Argo Blockchain and Iris Energy posted some of the largest drops — -7.80%, -5.31% and -4.72%, respectively.
Argo announced on Tuesday that it mined 25% less bitcoin in May due to factors like network difficulty and pool rewards.
Network difficulty increased by 5.56 % on April 27 and 4.89% on May 11, but more fell back down by -4.33% on May 25, according to BTC.com.
Iris Energy, on the other hand, mined 10% more bitcoin in May than in the month before, according to its latest monthly update.
Here’s how crypto mining companies performed on Tuesday, June 7: