Listed Bitcoin mining companies' stock performance lags behind the market, with only 7 companies achieving positive returns this year.

Deep Tide TechFlow News, on December 25, according to Cointelegraph, although Bitcoin prices have risen 113% cumulatively in 2024, data from Hashrate Index and Google Finance shows that among the 25 listed mining companies tracked, only 7 achieved positive returns. Bitdeer (BTDR) increased by 167%, Core Scientific (CORZQ) increased by as much as 327%, and TeraWulf (WULF) rose by 169%. In contrast, Argo Blockchain (ARB) had the largest decline, reaching 84%.

2024 is full of challenges for mining companies, as the Bitcoin halving reduces the block reward from 6.25 BTC to 3.125 BTC, mining difficulty increases by 50.71% year-on-year, while operating costs rise. To cope with the pressure, U.S. listed mining companies raised over $2.2 billion through stock issuance in the first three quarters. Some companies, like Core Scientific, have begun to venture into the AI field, collaborating with CoreWeave to potentially generate $8.7 billion in revenue over the next 12 years.