隨著BTC價格崩潰，比特幣（BTC）採礦股崩潰了60％

瑪拉·控股（Mara Holdings），以前稱為馬拉松數字（Marathon Digital），是最大的比特幣礦業股票，比11月的最高點下降了60％。

Bitcoin mining stocks have dropped sharply in the past few months as sentiment in the crypto market weakened and BTC crashed.

在過去的幾個月中，比特幣採礦量急劇下降，因為加密貨幣市場的情緒削弱了，而BTC崩潰了。

Most of these companies also saw their market caps collapse sharply. For example, Mara Holdings (NASDAQ:MARA), formerly known as Marathon Digital and the biggest Bitcoin mining stock, dropped 60% from its highest point in November. At the time, the stock hit $10.7, while its market cap rose to $8.82 billion.

這些公司中的大多數也看到其市值急劇崩潰。例如，Mara Holdings（NASDAQ：MARA）（以前稱為Marathon Digital和最大的比特幣開採股），比11月的最高點下降了60％。當時，該股票達到10.7美元，而市值則增加到88.2億美元。

However, the stock has since dropped to $4.2, leading to a $4.6 billion wipeout in market cap. At present, the stock is valued at $4.2 billion.

但是，此股票已降至4.2美元，導致市值46億美元。目前，該股票的價值為42億美元。

Another Bitcoin mining stock, Riot Platforms (NASDAQ:RIOT), saw its stock price fall from $16 to $8, while its market cap dropped from nearly $5 billion to $2.78 billion.

另一個比特幣採礦股票，RIOT平台（NASDAQ：RIOT）的股價從16美元下降到8美元，而市值從近50億美元下降到27.8億美元。

At the same time, Core Scientific (NASDAQ:CORE), a Bitcoin mining company that has diversified into AI data centers, dropped from $18.6 to $8.5, with its market valuation falling from $5.1 billion to $2.5 billion.

同時，一家已多元化為AI數據中心的比特幣礦業公司Core Scientific（NASDAQ：CORE）從18.6美元下降到8.5美元，其市場估值從51億美元下降到25億美元。

Other mining companies, such as CleanSpark (NASDAQ:CLSK), Bitdeer Technologies (NYSE:BTDR), Hut & Mining (NASDAQ:UMAP), Cipher Mining (NASDAQ:CIFR), and Bitfarms (NASDAQ:BITF), also declined.

其他採礦公司，例如CleanSpark（NASDAQ：CLSK），BITDEER TECHNOGIES（NYSE：BTDR），HUT＆MINING（NASDAQ：UMAP），CIPHER MINING（NASDAQ：CIFR）和BITFARMS和BITFARMS（NASDAQ：BITF），也降低了。

Together, all the 24 Bitcoin mining companies that Companies by Market Cap tracks are valued at $23 billion.

總體上，所有24個按市場上限軌道公司公司的24家比特幣礦業公司的價值為230億美元。

Why Bitcoin Mining Stocks Crashed

為什麼比特幣採礦股崩潰了

These companies fell due to two main reasons: declining Bitcoin prices and rising mining difficulty following last year’s halving event.

這些公司由於兩個主要原因而下降：去年減半活動後，比特幣價格下降和採礦難度上升。

Bitcoin prices crashed from the year-to-date high of $109,480 in January to $85,150. There is a risk that they could fall further now that a rising wedge pattern has formed, a popular bearish sign in the market. A wedge pattern is an indicator that a price trend is losing momentum and may soon reverse.

比特幣價格從1月份的109,480美元的$ 109,480跌至85,150美元。既然已經形成了一種上升的楔形模式，這是市場上流行的看跌跡象，他們可能會進一步下降。楔形模式表明價格趨勢正在失去動力，並且可能很快倒轉。

Bitcoin mining stocks are highly correlated with BTC prices because they mine and sell their coins to exchanges and other large companies. At the same time, the difficulty of Bitcoin mining and the hash rate, which measures computational power, have both reached record highs. A hash rate is a figure that looks at the total computational power in a network. Miners use it to validate transactions and secure the network.

比特幣採礦股與BTC價格高度相關，因為它們挖掘並將硬幣出售給交易所和其他大公司。同時，測量計算能力的比特幣開采和哈希速率的難度都達到了創紀錄的高點。哈希速率是一個查看網絡中總計算能力的數字。礦工使用它來驗證交易並確保網絡。

Bitcoin’s mining difficulty rises almost daily, mostly occurring four years after each halving event. Most of these companies also saw a sharp decline in Bitcoin mined after the halving event. For instance, MARA’s mined coins dropped from 692 in March 2024 to 590 in June last year. Its mining output then rose to 850 in February this year.

比特幣的採礦難度幾乎每天都在上升，大部分時間發生在每次減半事件後四年。這些公司中的大多數還看到一半賽后的比特幣銷量急劇下降。例如，瑪拉（Mara）的採礦硬幣從2024年3月的692下降到去年6月的590。然後，今年2月其採礦產量上升到850。

Will BTC Mining Stocks Rebound?

BTC採礦股會反彈嗎？

The future of Bitcoin mining stocks is closely linked to Bitcoin’s performance in upcoming months, which, despite recent crashes, may see recovery later this year.

比特幣採礦股的未來與以後幾個月的表現密切相關，儘管最近發生了崩潰，但今年晚些時候可能會恢復。

The risk, however, is that it may crash in the next few weeks. It has formed a rising wedge pattern, a popular bearish sign in the market. Bitcoin has also formed a death cross pattern as the 50-day and 200-day weighted moving averages (WMA) have crossed each other. This is another bearish signal that could lead to further price declines.

但是，風險是它可能在未來幾週內崩潰。它形成了一種上升的楔形模式，這是市場上流行的看跌標誌。比特幣還形成了死亡交叉模式，因為50天和200天的加權運動平均值（WMA）彼此交叉。這是另一個看跌信號，可能導致價格進一步下降。

Therefore, Bitcoin prices will likely fall to the next key support at $73,730, its highest point on March 14. If this happens, there is a likelihood that these Bitcoin mining stocks will drop also in the near term. They are then expected to bounce back later this year as BTC recovers.

因此，比特幣的價格可能會降至下一個主要的支持，為73,730美元，是3月14日的最高點。如果發生這種情況，這些比特幣採礦股很有可能在短期內也會下降。然後，隨著BTC恢復，他們預計將在今年晚些時候反彈。