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Bitcoin mining stocks halve as ‘turbo-charged’ thesis plays out

Just as the price of bitcoin has steadily declined from highs of near $70,000 to around $42,000 today, so too have the share prices of the biggest crypto mining companies fallen. But the decline of those mining stocks — which experts believe represent a kind of turbo-charged proxy for the price of bitcoin — has been even sharper than bitcoin’s. Several of the largest crypto miners have seen their share prices halve since the highs of November. Based on The …