随着BTC价格崩溃，比特币（BTC）采矿股崩溃了60％

玛拉·控股（Mara Holdings），以前称为马拉松数字（Marathon Digital），是最大的比特币矿业股票，比11月的最高点下降了60％。

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

在过去的几个月中，比特币采矿量急剧下降，因为加密货币市场的情绪削弱了，而BTC崩溃了。

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.

这些公司中的大多数也看到其市值急剧崩溃。例如，Mara Holdings（NASDAQ：MARA）（以前称为Marathon Digital和最大的比特币开采股），比11月的最高点下降了60％。当时，该股票达到10.7美元，而市值则增加到88.2亿美元。

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，导致市值46亿美元。目前，该股票的价值为42亿美元。

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.

另一个比特币采矿股票，RIOT平台（NASDAQ：RIOT）的股价从16美元下降到8美元，而市值从近50亿美元下降到27.8亿美元。

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.

同时，一家已多元化为AI数据中心的比特币矿业公司Core Scientific（NASDAQ：CORE）从18.6美元下降到8.5美元，其市场估值从51亿美元下降到25亿美元。

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.

其他采矿公司，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.

总体上，所有24个按市场上限轨道公司公司的24家比特币矿业公司的价值为230亿美元。

Why Bitcoin Mining Stocks Crashed

为什么比特币采矿股崩溃了

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

这些公司由于两个主要原因而下降：去年减半活动后，比特币价格下降和采矿难度上升。

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.

比特币价格从1月份的109,480美元的$ 109,480跌至85,150美元。既然已经形成了一种上升的楔形模式，这是市场上流行的看跌迹象，他们可能会进一步下降。楔形模式表明价格趋势正在失去动力，并且可能很快倒转。

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.

比特币采矿股与BTC价格高度相关，因为它们挖掘并将硬币出售给交易所和其他大公司。同时，测量计算能力的比特币开采和哈希速率的难度都达到了创纪录的高点。哈希速率是一个查看网络中总计算能力的数字。矿工使用它来验证交易并确保网络。

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.

比特币的采矿难度几乎每天都在上升，大部分时间发生在每次减半事件后四年。这些公司中的大多数还看到一半赛后的比特币销量急剧下降。例如，玛拉（Mara）的采矿硬币从2024年3月的692下降到去年6月的590。然后，今年2月其采矿产量上升到850。

Will BTC Mining Stocks Rebound?

BTC采矿股会反弹吗？

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.

比特币采矿股的未来与以后几个月的表现密切相关，尽管最近发生了崩溃，但今年晚些时候可能会恢复。

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，风险是它可能在未来几周内崩溃。它形成了一种上升的楔形模式，这是市场上流行的看跌标志。比特币还形成了死亡交叉模式，因为50天和200天的加权运动平均值（WMA）彼此交叉。这是另一个看跌信号，可能导致价格进一步下降。

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，比特币的价格可能会降至下一个主要的支持，为73,730美元，是3月14日的最高点。如果发生这种情况，这些比特币采矿股很有可能在短期内也会下降。然后，随着BTC恢复，他们预计将在今年晚些时候反弹。