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Bitcoin has surged 113% in 2024, yet most mining stocks have struggled, with many ending the year in the red, some down as much as 84%. Miners faced challenges from reduced rewards following the April halving, increased operational costs, and rising mining difficulty, prompting many to seek capital through stock offerings and diversify into sectors like AI. Notably, Core Scientific's partnership with CoreWeave aims to generate significant revenue from AI computing power.
Sphere 3D Corp.
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
bitcoin mining stocks struggle despite cryptocurrency surge in 2024
BitFuFu Inc.
MARA Holdings, Inc.
TeraWulf Inc.
Argo Blockchain plc
Sphere 3D Corp.
NORTHERN DATA
Core Scientific, Inc.
Hive USD
Iris Energy Ltd
CIPHER-CORE, Inc.
Bitfarms Ltd.
Hut 8 Corp.
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19:18 24.12.2024
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