Bitcoin miners languish amid crypto market rout — JPMorgan

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Bitcoin (BTC) mining stocks are struggling as declining cryptocurrency prices add further pressure to business models strained by the Bitcoin network’s April halving, according to a JPMorgan research note shared with Cointelegraph. 

Mining stocks tracked by JPMorgan collectively shed 22% in market capitalization in February as Bitcoin’s falling price eroded mining economics, the March 3 report said. 

Mining stocks such as Riot Platforms (RIOT), Bitdeer (BTDR), Marathon Digital (MARA) and Core Scientific (CORZ) reported their fourth-quarter 2024…



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Bitcoin miners languish amid crypto market rout — JPMorgan


Bitcoin (BTC) mining stocks are struggling as declining cryptocurrency prices add further pressure to business models strained by the Bitcoin network’s April halving, according to a JPMorgan research note shared with Cointelegraph. 

Mining stocks tracked by JPMorgan collectively shed 22% in market capitalization in February as Bitcoin’s falling price eroded mining economics, the March 3 report said. 

Mining stocks such as Riot Platforms (RIOT), Bitdeer (BTDR), Marathon Digital (MARA) and Core Scientific (CORZ) reported their fourth-quarter 2024…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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