CoinVoice has recently learned that, according to a report from Decrypt, JPMorgan released a research report on Monday showing that as the price of Bitcoin broke through $99,500 last month, the stock prices of some listed Bitcoin mining companies also significantly rose. The report noted that the market capitalization of the 14 Bitcoin mining companies tracked by JPMorgan increased 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 listed Bitcoin mining companies rose after the U.S. elections, with Argo Blockchain being the only mining company to report losses 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 revenues have decreased by 50%. Although the rewards remain 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. [Original link]
