JPMorgan Chase: 14 listed Bitcoin mining companies have shrunk by 25% in March
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2025-04-02 11:03 9,351
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According to Decrypt, JPMorgan Chase said in a report on Tuesday that Bitcoin miners continue to face challenges, with 14 listed mining companies in the field collectively experiencing the worst month on record in March. The Bitcoin miners it tracks, including companies such as MARA and Core Scientific, shrunk by 25% last month, or about $6 billion. Additionally, the report said that companies with high-performance computing businesses "have performed worse than pure Bitcoin miners for the second consecutive month."
According to JPMorgan data, the 14 listed mining companies also performed poorly in February, when their total market value also lost more than 20%, also about $6 billion.