Bitfarms, TeraWulf And Other Big Stocks Moving Lower In Friday's Pre-Market Session

Author: Avi Kapoor | July 05, 2024 08:18am

U.S. stock futures were mixed this morning, with the Nasdaq futures gaining around 0.2% on Friday.

Shares of Bitfarms Ltd. (NASDAQ:BITF) fell sharply in today's pre-market trading amid weakness in Bitcoin (CRYPTO: BTC).

Bitcoin prices tumbled 4% to $55,377 on Friday.

Bitfarms shares dipped 7.6% to $2.32 in pre-market trading.

Here are some big stocks recording losses in today's pre-market trading session.

TeraWulf Inc. (NASDAQ:WULF) shares tumbled 12.6% to $4.55 in pre-market trading after the company reported an unaudited monthly production and operations update for June.
Applied Digital Corporation (NASDAQ:APLD) shares dipped 11.4% to $6.00 in pre-market trading after gaining around 7% on Wednesday. B. Riley Securities analyst Lucas Pipes, last week, maintained Applied Digital with a Buy and raised the price target from $6 to $8.
Iris Energy Limited (NASDAQ:IREN) shares fell 10.9% to $12.78 in pre-market trading amid weakness in Bitcoin. Iris Energy announced on Tuesday that it has secured $413 million to fuel its Bitcoin (CRYPTO: BTC) mining expansion.
Bitdeer Technologies Group (NASDAQ:BTDR) shares declined 10.2% to $10.62 in pre-market trading amid a decline in Bitcoin prices.
Hut 8 Corp. (NASDAQ:HUT) fell 8.8% to $14.73 in pre-market trading after the company its operations update for June 2024.
B. Riley Financial, Inc. (NASDAQ:RILY) declined 8.1% to $15.60 in pre-market trading.
SunPower Corporation (NASDAQ:SPWR) fell 7.1% to $2.49 in pre-market trading.
Marathon Digital Holdings, Inc. (NASDAQ:MARA) declined 6% to $19.73 in pre-market trading amid weakness in Bitcoin.
MicroStrategy Incorporated (NASDAQ:MSTR) fell 5.9% to $1,225.01 in pre-market trading.
HDFC Bank Limited (NYSE:HDB) shares fell 5.5% to $62.95 in pre-market trading.