According to Decrypt, JPMorgan Chase said in a report on Tuesday that bitcoin miners continue to face challenges, with 14 publicly traded miners in the sector collectively experiencing their worst month on record in March. The bitcoin miners it tracks, including companies such as MARA and Core Scientific, lost a combined 25 percent, or about $6 billion, in market capitalization last month. In addition, companies with high-performance computing businesses "underperformed pure bitcoin miners for the second month in a row," the report said.
The 14 listed miners also underperformed in February, when they lost more than 20 percent of their combined market capitalization, again about $6 billion, according to JPMorgan.
JP Morgan Chase: 14 listed bitcoin mining companies lost 25% of their market value in March
2025-04-02 02:20:48
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