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