比特币挖矿行业摆脱了减半的担忧

由于投资者对减半后的盈利能力表示担忧，比特币矿业股最近几周经历了大幅下跌。然而，行业分析师 Mitchell Askew 认为这些担忧毫无根据，减半后的盈利能力仍然强劲。尽管过去一周比特币价格下跌了 7.5%，但 Askew 预计公共比特币矿商和私人 ASIC 市场将出现“购买新闻”事件。

Bitcoin Mining Sector Responds to Halving Concerns

比特币矿业回应减半担忧

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.

即将到来的比特币挖矿奖励减半引发了美国和国际上比特币挖矿股票价格的下跌。然而，行业专家坚持认为，这些担忧没有根据，事后盈利能力将保持可持续。

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.

比特币挖矿公司 Blockware Solutions 的首席分析师 Mitchell Askew 将市场的悲观情绪归因于减半后盈利能力的担忧以及最近比特币价格下跌 7.5%。尽管存在这些不利因素，阿斯科相信投资者很快就会意识到他们的担忧是错误的。

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

Askew 表示：“对于公共比特币矿商和私人 ASIC 市场来说，减半将是‘购买新闻’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.

事实上，两家著名的比特币矿商 Marathon Digital (MARA) 和 Riot Platforms (RIOT) 的股价自 2 月份的年初至今高点以来已分别暴跌约 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) 也经历了大幅下跌，从 3 月 25 日的三年高点 23.40 美元跌至 4 月 12 日的 14.48 美元，下跌了 38.1%。值得注意的是，该公司的股价今年迄今仍上涨了近 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.

下降的不仅限于美国矿商。新加坡 Bitdeer Technologies (BTDR) 和澳大利亚 Iris Energy (IRIS) 等国际公司均在纳斯达克上市，自 2 月中旬高点以来，股价分别下跌了 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.

此次价格下跌恰逢 4 月 20 日比特币预期减半，这将使比特币挖矿奖励减少一半至 3.125 BTC，目前价值约 20 万美元。

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 比特币矿工 ETF (WGMI) 的表现作为减半后盈利担忧的证据，该基金是一只追踪比特币挖矿市场的主动管理基金。 WGMI 在 2024 年表现出与比特币“接近零”的相关系数，表明市场对该行业未来前景的不确定性。

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

然而，Askew 预计矿业股在减半后不久就会“反弹”。

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，对盈利能力的担忧再次浮出水面，当时 Cantor Fitzgerald 报告称，如果比特币价格保持在 40,000 美元左右，11 家公开上市的比特币矿商将在减半后停止盈利。

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 创始人兼首席矿业策略师 Jaran Mellerud 警告称，如果比特币价格在减半后未能升值，一些美国矿商可能会被迫搬迁或向海外扩张，以寻求更低的电力成本。

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.

尽管存在这些不确定性，行业专家仍然相信比特币挖矿在减半后将继续成为一项可行的业务。减半是比特币历史上曾发生过两次的预定事件，每一次，市场最终都会复苏并创下新高。