tldr; Bitcoin surged over 130% in 2024, but most mining companies' stocks ended the year negatively due to rising operational costs, increased mining difficulty, and reduced block rewards from the halving event. Only 7 of 25 publicly listed Bitcoin mining firms delivered positive returns, with Core Scientific leading the gainers. The April halving event cut block rewards, significantly reducing miners' revenues. Mining difficulty rose by 50.7%, and operational costs increased, prompting many companies to raise over $2.2 billion through stock offerings for financial relief.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
No comments:
Post a Comment