Bitcoin Miners Surge 52% In November As Prices Near $100,000
Bitcoin Miners Surge 52% In November As Prices Near $100,000
Smith highlighted November was a blockbuster month for U.S.listed Bitcoin (CRYPTO: BTC) miners, with the sector riding Bitcoin's meteoric rise to fresh record highs.
11月对于美国上市的比特币（CRYPTO: BTC）矿工来说是一个辉煌的月份，所有板块都借助比特币的飞速上涨创下新高。
JPMorgan analyst Reginald L. Smith noted that Bitcoin rallied to $99,000 before ending the month of November at $97,000, buoyed by a post-election rally.
摩根大通分析师Reginald L. Smith指出，比特币在11月上涨至99,000美元，然后以97,000美元结束了这个月，这主要受到选举后反弹的推动。
Against this backdrop, miners surged, with the aggregate market cap of 14 JPMorgan-tracked companies jumping 52% month-over-month to $36.2 billion, far outpacing Bitcoin's 37% appreciation.
在此背景下，矿工们大幅跃升，14家摩根大通追踪的公司的总市值环比增长52%，达到362亿，远超比特币37%的增值。
Crypto Winners & Losers: Bitdeer Leads The Pack
数字货币赢家与输家：Bitdeer领跑
Smith highlighted Bitdeer Technologies Group (NASDAQ:BTDR) as the standout performer, rocketing 83% in November, driven by its pure-play mining focus and hefty HODL reserves.
Smith强调比特科技集团（纳斯达克：BTDR）是表现突出的公司，11月份激增83%，得益于其纯矿业务聚焦和可观的HODL储备。
On the flip side, Argo Blockchain PLC (NASDAQ:ARBK) lagged, shedding 3% as high-performance computing exposure weighed on sentiment.
另一方面，Argo blockchain PLC（纳斯达克：ARBK）表现不佳，减少了3%，因为高性能计算的暴露影响了市场情绪。
He observed that companies with large Bitcoin holdings tended to outperform their peers, underscoring the market's favor toward miners with direct ties to the cryptocurrency's rally.
他观察到，持有大量比特币的公司往往会超越同业，突显市场对与数字货币反弹直接相关的矿工的青睐。
Read Also: Bitdeer Technologies' Strong Growth Potential Highlighted By Analysts Amid Bitcoin Bull Market
另请阅读：分析师在比特币牛市中强调比特科技的强劲增长潜力。
Mining Revenue Climbs, But Halving Challenges Persist
挖矿营业收入上升，但减半挑战依然存在
According to Smith, miners reaped rewards from Bitcoin's price surge, with daily block reward revenue jumping 24% month-over-month to an average of $52,000 per exahash per second (EH/s). Gross profit also improved significantly, climbing 64% to $26,100 per EH/s.
据史密斯所述，矿工们从比特币价格飙升中获得了丰厚的回报，每日区块奖励营业收入环比上涨24%，平均每个EH/s达到52,000美元。毛利润也大幅提升，增加了64%，达到了每个EH/s 26,100美元。
However, he noted that these figures remain 48% and 62% below pre-halving levels, reflecting the lingering challenges posed by April 2024's Bitcoin halving.
然而，他指出这些数字仍然比减半前的水平低48%和62%，反映出2024年4月比特币减半带来的持续挑战。
Valuations Hit All-Time Highs
估值达到历史高点
Moreover, investor enthusiasm pushed miners' valuations to record levels, noted Smith. By month-end, the group traded at 31% of the nominal value of the proved block reward opportunity and 62% of the four-year block reward opportunity—well above historical averages of 18% and 37%.
此外，投资者的热情使矿工的估值达到了创纪录的水平，史密斯指出。截至本月底，该集团交易的名义区块奖励机会的31%和四年区块奖励机会的62%——远高于历史平均水平的18%和37%。
With Bitcoin's price rallying and miners' valuations reaching new peaks, the analyst suggests that pure-play miners with robust HODL balances, like Bitdeer, appear poised to ride the wave, while diversified players like Argo Blockchain may face choppier waters.
随着比特币价格 rally 和矿工的估值达到新高，分析师建议，像Bitdeer这样持有强大HODL余额的纯玩法矿工似乎有望乘风而起，而像Argo Blockchain这样的多元化玩家可能面临更为波动的沧海。
- Financial Analyst Says Bitcoin Could Soar To $250,000
- 金融分析师表示，比特币可能上涨至250,000美元。
Image created using artificial intelligence via Midjourney.
图像由Midjourney通过人工智能创建。
译文内容由第三方软件翻译。
