儘管發生減半事件，比特幣 (BTC) 礦商仍面臨艱難的 2024 年，25 家上市公司中只有 7 家顯示出正回報

2024 年，比特幣的價格飆升了 130%，從 1 月的 42,300 美元飆升至 12 月 24 日的 98,600 美元。

Bitcoin mining stocks had a turbulent year in 2024, despite the cryptocurrency's price skyrocketing by 130%. Out of 25 publicly traded mining companies, only seven managed to achieve positive returns.

儘管加密貨幣的價格飆升了 130%，但比特幣礦業股在 2024 年經歷了動盪的一年。在 25 家上市礦業公司中，只有 7 家實現了正回報。

The halving event in April, which saw Bitcoin block rewards slashed from 6.25 BTC to 3.125 BTC, had a significant impact on miner revenues. This led to a sharp drop in daily mining earnings, from over $100 million in April to just $42 million by late December.

4 月的減半事件導致比特幣區塊獎勵從 6.25 BTC 大幅削減至 3.125 BTC，對礦工收入產生了重大影響。這導致每日挖礦收益急劇下降，從 4 月的超過 1 億美元下降到 12 月底的僅 4,200 萬美元。

Moreover, mining difficulty spiked by 50.7%, making the process more costly and competitive, which further impacted profit margins. For many companies, the mounting pressure to stay afloat led them to turn to stock offerings for relief. In total, Bitcoin miners raised over $2.2 billion in 2024, with the majority of the funds raised in the second and third quarters.

此外，挖礦難度飆升了 50.7%，使得流程成本更高、競爭更激烈，這進一步影響了利潤率。對許多公司來說，生存壓力越來越大，導致他們轉向發行股票來緩解壓力。 2024 年，比特幣礦商總共籌集了超過 22 億美元，其中大部分資金是在第二季和第三季籌集的。

On the other side of the spectrum, many mining firms faced significant losses. Argo Blockchain and Greenidge were hit particularly hard, with their stock prices plummeting by 84% and 74%, respectively. Other firms, such as Mara Holdings and Bitfarms, saw declines of 12% and 44%.

另一方面，許多礦業公司面臨重大損失。 Argo Blockchain 和 Greenidge 受到的打擊尤其嚴重，股價分別暴跌 84% 和 74%。 Mara Holdings 和 Bitfarms 等其他公司的股價下跌了 12% 和 44%。

However, a handful of companies managed to post impressive gains. Core Scientific experienced a 327% surge, while TeraWulf, Bitdeer, and Hut 8 also saw solid returns, ranging from 91% to 167%.

然而，少數公司卻取得了令人矚目的收益。 Core Scientific 經歷了 327% 的飆升，而 TeraWulf、Bitdeer 和 Hut 8 也獲得了穩健的回報，從 91% 到 167% 不等。

To bolster their financial positions, some companies like Mara Holdings and Hut 8 took the strategy of accumulating Bitcoin, hoping that holding more of the digital currency would provide better stability moving forward.

為了鞏固財務狀況，Mara Holdings 和 Hut 8 等一些公司採取了累積比特幣的策略，希望持有更多的數位貨幣能提供更好的穩定性。