
PANews|Apr 02, 2025 02:29
JPMorgan Chase: 14 listed Bitcoin mining companies saw a 25% decline in market value in March, marking the worst month in history
According to Decrypt, a report from JPMorgan Chase stated that Bitcoin miners continue to face challenges, with 14 listed mining companies in the field collectively experiencing their worst month on record in March. The Bitcoin miners it tracks, including companies such as MARA and Core Scientific, saw their total market value shrink by 25% last month, or approximately $6 billion.
In addition, the report states that companies with high-performance computing businesses have performed worse than pure Bitcoin miners for the second consecutive month.
According to data from JPMorgan Chase, these 14 listed mining companies also performed poorly in February, with a total market value loss of over 20%, also around $6 billion.
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