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Earlier this year, China announced a crackdown on crypto mining. The major actions against cryptocurrencies taken by China accounted for about 47% of all crypto mining in April.
Due to these concerns, shares of companies significantly exposed to digital currencies might see a pullback in the near term. That is why Stocks such as Riot Blockchain, Inc. (RIOT), Canaan Inc. (CAN), and Ebang International Holdings Inc. (EBON)are best avoided now.
