J.P. Morgan's research report released on Monday shows that as Bitcoin's price broke through $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 the 14 Bitcoin mining companies tracked by J.P. Morgan 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 increased after the U.S. election, with Argo Blockchain being the only mining company to report a loss at the end of November, as its stock price fell by 3% to $1.08 last Friday. Analysts stated that Bitcoin mining revenue has decreased by 50% since the halving event in April. Despite the rewards still being relatively low, the rise in Bitcoin prices has led to an increase in mining returns in November. Based on 1 EH, the daily revenue of Bitcoin mining companies in November grew by 24% from about $42,000 in October, reaching $52,000.