比特幣挖礦業擺脫了減半的擔憂

由於投資者對減半後的獲利能力表示擔憂，比特幣礦業股最近幾週經歷了大幅下跌。然而，產業分析師 Mitchell Askew 認為這些擔憂毫無根據，減半後的獲利能力仍然強勁。儘管過去一周比特幣價格下跌了 7.5%，但 Askew 預計公共比特幣礦商和私人 ASIC 市場將出現「購買新聞」事件。

Bitcoin Mining Sector Responds to Halving Concerns

比特幣礦業回應減半擔憂

The impending halving of Bitcoin mining rewards has triggered a decline in Bitcoin mining stock prices both in the United States and internationally. However, industry experts maintain that these fears are unsubstantiated and that profitability will remain sustainable in the aftermath.

即將到來的比特幣挖礦獎勵減半引發了美國和國際上比特幣挖礦股票價格的下跌。然而，行業專家堅持認為，這些擔憂沒有根據，事後獲利能力將保持可持續。

Mitchell Askew, Head Analyst at Bitcoin mining firm Blockware Solutions, attributes the market's pessimism to post-halving profitability concerns and a recent 7.5% decline in Bitcoin's price. Despite these headwinds, Askew believes investors will soon realize that their apprehensions were misplaced.

比特幣挖礦公司 Blockware Solutions 的首席分析師 Mitchell Askew 將市場的悲觀情緒歸因於減半後盈利能力的擔憂以及最近比特幣價格下跌 7.5%。儘管存在這些不利因素，阿斯科相信投資者很快就會意識到他們的擔憂是錯誤的。

"The halving will be a 'buy the news' event for public Bitcoin miners and the private ASIC market," Askew stated.

Askew 表示：“對於公共比特幣礦商和私人 ASIC 市場來說，減半將是‘購買新聞’事件。”

Indeed, the share prices of Marathon Digital (MARA) and Riot Platforms (RIOT), two prominent Bitcoin miners, have plummeted by approximately 53% and 54%, respectively, since their year-to-date highs in February.

事實上，兩家著名的比特幣礦商 Marathon Digital (MARA) 和 Riot Platforms (RIOT) 的股價自 2 月的年初至今高點以來已分別暴跌約 53% 和 54%。

CleanSpark (CLSK) also experienced a significant drop, falling 38.1% from a three-year high of $23.40 on March 25 to $14.48 on April 12. Notably, the company's stock price remains up nearly 250% year-to-date.

CleanSpark (CLSK) 也經歷了大幅下跌，從3 月25 日的三年高點23.40 美元跌至4 月12 日的14.48 美元，下跌了38.1%。了近250%。

The decline is not limited to U.S.-based miners. International players such as Singapore's Bitdeer Technologies (BTDR) and Australia's Iris Energy (IRIS), both listed on the Nasdaq, have witnessed declines of 40.8% and 47.6%, respectively, since their mid-February highs.

下降的不僅限於美國礦商。新加坡 Bitdeer Technologies (BTDR) 和澳洲 Iris Energy (IRIS) 等國際公司均在納斯達克上市，自 2 月中旬高點以來，股價分別下跌了 40.8% 和 47.6%。

The price drops coincide with the anticipated Bitcoin halving on April 20, which will reduce Bitcoin mining rewards by half to 3.125 BTC, currently worth approximately $200,000.

此次價格下跌恰逢 4 月 20 日比特幣預期減半，將使比特幣挖礦獎勵減少一半至 3.125 BTC，目前價值約 20 萬美元。

Askew cited the performance of the Valkyrie Bitcoin Miners ETF (WGMI), an actively managed fund tracking the Bitcoin mining market, as evidence of post-halving profitability fears. WGMI has exhibited a "near zero" correlation coefficient with Bitcoin in 2024, indicating market uncertainty about the sector's future prospects.

Askew 引用了 Valkyrie 比特幣礦工 ETF (WGMI) 的表現作為減半後盈利擔憂的證據，該基金是一隻追蹤比特幣挖礦市場的主動管理基金。 WGMI 在 2024 年表現出與比特幣「接近零」的相關係數，顯示市場對該行業未來前景的不確定性。

However, Askew anticipates a "rebound" in mining stocks shortly after the halving.

然而，Askew 預計礦業股在減半後不久就會「反彈」。

Concerns over profitability resurfaced in late January when Cantor Fitzgerald reported that 11 publicly-listed Bitcoin miners would cease to be profitable after the halving if Bitcoin's price remained around $40,000.

1 月底，對盈利能力的擔憂再次浮出水面，當時 Cantor Fitzgerald 報告稱，如果比特幣價格保持在 40,000 美元左右，11 家公開上市的比特幣礦商將在減半後停止盈利。

Jaran Mellerud, Founder and Chief Mining Strategist of Hashlabs Mining, warned that if Bitcoin's price fails to appreciate post-halving, some U.S. miners may be forced to relocate or expand offshore in pursuit of lower electricity costs.

Hashlabs Mining 創辦人兼首席礦業策略師 Jaran Mellerud 警告稱，如果比特幣價格在減半後未能升值，一些美國礦商可能會被迫搬遷或向海外擴張，以尋求更低的電力成本。

Despite these uncertainties, industry experts remain confident that Bitcoin mining will continue to be a viable business post-halving. The halving is a scheduled event that has occurred twice before in Bitcoin's history, and each time, the market has eventually recovered and reached new highs.

儘管存在這些不確定性，行業專家仍然相信比特幣挖礦在減半後將繼續成為可行的業務。減半是比特幣歷史上曾發生過兩次的預定事件，每一次，市場最終都會復甦並創下新高。