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Why Bit Mining Stock Is Falling Hard This Week

·2 min read
Why Bit Mining Stock Is Falling Hard This Week

Two developments in a pair of neighboring countries combined to put the hurt on Bit Mining's stock. Bit Mining could potentially take a big hit because of this, as it decamped to the sprawling Central Asian country last August after China banned the mining of cryptocurrencies such as Bitcoin. Meanwhile, Russia's central bank has proposed a sweeping ban on crypto mining and use within its borders.