尽管发生减半事件，比特币 (BTC) 矿商仍面临艰难的 2024 年，25 家上市公司中只有 7 家显示出正回报

2024 年，比特币的价格飙升了 130%，从 1 月份的 42,300 美元飙升至 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.

尽管加密货币的价格飙升了 130%，但比特币矿业股在 2024 年经历了动荡的一年。在 25 家上市矿业公司中，只有 7 家实现了正回报。

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 月份的减半事件导致比特币区块奖励从 6.25 BTC 大幅削减至 3.125 BTC，对矿工收入产生了重大影响。这导致每日挖矿收益急剧下降，从 4 月份的超过 1 亿美元下降到 12 月底的仅为 4200 万美元。

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，挖矿难度飙升了 50.7%，使得流程成本更高、竞争更激烈，这进一步影响了利润率。对于许多公司来说，生存压力越来越大，导致他们转向发行股票来缓解压力。 2024 年，比特币矿商总共筹集了超过 22 亿美元，其中大部分资金是在第二季度和第三季度筹集的。

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，许多矿业公司面临重大损失。 Argo Blockchain 和 Greenidge 受到的打击尤其严重，股价分别暴跌 84% 和 74%。 Mara Holdings 和 Bitfarms 等其他公司的股价下跌了 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，少数公司却取得了令人瞩目的收益。 Core Scientific 经历了 327% 的飙升，而 TeraWulf、Bitdeer 和 Hut 8 也获得了稳健的回报，从 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.

为了巩固财务状况，Mara Holdings 和 Hut 8 等一些公司采取了积累比特币的策略，希望持有更多的数字货币能够提供更好的稳定性。