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JPMorgan: The market capitalization of 14 listed Bitcoin mining companies shrank by 25% in March, marking the worst month in history.
PANews reported on April 2 that JPMorgan stated in a report on Tuesday that Bitcoin miners continue to face challenges, as 14 listed mining companies in the sector experienced the worst month on record in March. The Bitcoin miners tracked by them, including companies like MARA and Core Scientific, saw their total market capitalization shrink by 25% last month, amounting to approximately $6 billion. Additionally, the report stated that companies with high-performance computing businesses "underperformed pure Bitcoin miners for the second consecutive month." Data from JPMorgan shows that these 14 listed miners also performed poorly in February, when their total market capitalization also lost more than 20%, amounting to approximately $6 billion.