The shares of green crypto miner Bitfarms have fallen on their first day of trading on the NASDAQ as a consequence of the current bear market.
The shares, that yesterday started trading on the US stock exchange under the ticker BITF, opened the session at $4.04, then increased to $4.11, fell to $3.90 and ended the session at $3.96 as a result of the current market crash.
We should remember that the cryptocurrency market is experiencing a sharp decline as a result of the news coming from China, where the central bank of the country has ordered all banks to stop facilitating all cryptocurrency transactions.
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It is worth noting that the shares of cryptocurrency mining companies are not going through good times. For example, the shares of Marathon Digital Holdings (MARA) have plummeted by 51% from its April all-time high, while those of Hive Blockchain (HIVE) have lost 57% of their value from their February high. The case of Riot Blockchain (RIOT) is even worse, since its shares have fallen by 60% from their February record.
It looks like the general decline of the shares of crypto miners is the result not only of the Bitcoin fall, but also of the concerns about the environmental impact of crypto mining as well as the measures adopted by China to fight the activity in its territory.