A research report released by JPMorgan on Monday showed that as Bitcoin prices surpassed $99,500 last month, the share prices of some listed Bitcoin mining companies also saw significant increases.
The report noted that the market capitalization of the 14 Bitcoin mining companies tracked by JPMorgan increased by 52% to $36.2 billion. Among the best-performing companies in November, Singapore-based Bitdeer saw its share price rise by 83% during this period, reaching $14.27. Overall, last month, the share prices of listed Bitcoin mining companies rose after the U.S. elections, with Argo Blockchain being the only mining company that reported losses at the end of November, with its share price dropping 3% to $1.08 last Friday.
Analysts say that since the halving event in April, Bitcoin mining revenue has decreased by 50%. Although rewards remain relatively low, the increase in Bitcoin prices has led to a rise in mining returns in November. Based on 1 EH, the daily income of Bitcoin mining companies in November increased by 24% from about $42,000 in October to $52,000. (Decrypt)

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