According to CoinVoice, as reported by Decrypt, a research report released by JPMorgan on Monday showed that as the price of Bitcoin surpassed $99,500 last month, the stock prices of some publicly traded Bitcoin mining companies also rose significantly. The report noted that the market capitalization of the 14 Bitcoin mining companies tracked by JPMorgan increased by 52% month-over-month, reaching $36.2 billion. Among the companies that performed best 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 traded Bitcoin mining companies rose after the U.S. elections, 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 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 higher mining returns in November. Based on 1 EH, the daily income of Bitcoin mining companies in November grew by 24% from approximately $42,000 in October, reaching $52,000. [Original link]
