Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

Will Ethereum Hit a New All-Time High This Year? Odds Favor Bulls: Analysis

01/08/2025

Unveiling a Billion-Dollar Empire’s Bold Expansion

01/08/2025

Bitcoin mining faces surging power demands and record-low fees

01/08/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Bitcoin Blasts Past $122K to Fresh ATH But Can the Momentum Hold?

    01/08/2025

    Bitcoin Averaging 1.2 % Per Day in July — Can BTC Hit $150 K Before August?

    01/08/2025

    Bitcoin Traders Watch These 4 U.S. Economic Signals Closely

    01/08/2025

    Bitcoin-Fueled Sell-Off Triggers $1.1 Billion in Crypto Liquidations

    01/08/2025

    Will Ethereum Hit a New All-Time High This Year? Odds Favor Bulls: Analysis

    01/08/2025

    What Ethereum built in ten years — and what it still hasn’t delivered

    01/08/2025

    Ethereum to $5,140? Analyst Names Two Scenarios for ETH Price Target

    01/08/2025

    Three reasons why Ethereum rally to $10K dream is alive in 2025

    01/08/2025

    The Sui Ecosystem’s Top 3 Altcoin Performers

    29/07/2025

    Floki Launches $69000 Guerrilla Marketing Challenge With FlokiUltras3

    28/07/2025

    Crypto Beast denies role in Altcoin (ALT) crash rug pull, blames snipers

    28/07/2025

    $1.6 Billion XRP Surge: Here’s What’s Unfolding

    28/07/2025

    Labubus have succeeded in every way that NFTs have failed

    01/08/2025

    CryptoPunks Floor Price Hits 3-Year High of $208,000

    31/07/2025

    NFT sales surge to $574 million in July, second-highest in 2025

    31/07/2025

    Crypto Scammer Gets Prison Time for Swiping NFTs, Coins via Hacked X Accounts

    31/07/2025

    Will Ethereum Hit a New All-Time High This Year? Odds Favor Bulls: Analysis

    01/08/2025

    Unveiling a Billion-Dollar Empire’s Bold Expansion

    01/08/2025

    Bitcoin mining faces surging power demands and record-low fees

    01/08/2025

    EToro Plans to Tokenize U.S. Stocks on Ethereum in Blockchain Push

    01/08/2025
  • Blockchain

    EToro Plans to Tokenize U.S. Stocks on Ethereum in Blockchain Push

    01/08/2025

    Circle Wallet’s Strategic Leap for Web3 Developers

    01/08/2025

    Pyth Network brings Hong Kong stock prices onchain for global access

    01/08/2025

    Lombard Finance Launches LBTC on Etherlink, Bringing Bitcoin to Tezos Layer 2

    01/08/2025

    RedStone Brings Real-Time Liquidations and Native MEV Capture to Lending Protocols With Atom

    01/08/2025
  • DeFi

    Harbour Industrial Capital Invests $1.2 M into Four High-Growth Polkadot Ecosystem Projects

    01/08/2025

    Ripple Hiring Executive to Spearhead Institutional DeFi Strategy

    01/08/2025

    Clearpool Expands to Payments Financing, Debuts Stablecoin Yield Token

    01/08/2025

    Phenomenal $8 Billion Surge Redefines DeFi Stability

    01/08/2025

    Ceffu Connects Binance Liquidity to Orderly to Unlock CeFi-DeFi Union

    01/08/2025
  • Metaverse

    From Metaverse to Machine Learning, Inside Meta’s $72 Billion AI Gamble

    31/07/2025

    AntVerse Integrates Terminus to Transform AI-Powered Metaverse with Web3 Payments

    25/07/2025

    The Sandbox Launches Largest LAND Auction Using GBM Protocol

    21/07/2025

    Elon Musk’s xAI Quietly Fixed Grok by Deleting a Line of Code

    09/07/2025

    Bonk.fun Grabs 55% of Solana Token Issuance Share, Pushes BONK Demand

    08/07/2025
  • Regulation

    Unveiling a Billion-Dollar Empire’s Bold Expansion

    01/08/2025

    Wall Street Set to Benefit as In-Kind Crypto ETF Redemptions Gain Momentum

    01/08/2025

    Altcoins, NFTs Lure Risk-On Buyers: Crypto Daybook Americas

    01/08/2025

    Plume and Colb Finance Partner to Tokenize Pre-IPO Equities on Blockchain

    01/08/2025

    MARA Holdings Plans $850M Convertible Note Offering to Fuel Bitcoin Buys, Repay Debt

    01/08/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Sui DEX Momentum Teases Expansion Plans After Hitting $100 Million in Daily Volume

    31/07/2025

    $500,000,000 USDC Stun World’s Largest Crypto Exchange Amid Hourly Bloodbath

    31/07/2025

    Bithumb Temporarily Halts Celestia (TIA) Transactions!

    31/07/2025

    Coinbase in advanced talks to acquire India’s largest crypto exchange CoinDCX

    31/07/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    This Game Lets You Relive the Ethereum Story Through Vitalik Buterin’s Eyes

    31/07/2025

    PEPE GAMES Integrates with GaFin to Power the Meme Gaming Hub

    30/07/2025

    A Pressure Group Forced Steam to Remove Adult Games. It’s Coming After Crypto Next

    30/07/2025

    On-Chain Games Don’t Have a ‘Secret Sauce,’ YGG’s New Advisor Says

    28/07/2025

    Bitcoin mining faces surging power demands and record-low fees

    01/08/2025

    Auradine Shipped $73M Worth of Bitcoin Miners to MARA in H1 2025

    31/07/2025

    London Bitcoin Company Surpasses 1,000 Miners in North America

    31/07/2025

    Bitcoin Miner MARA Is Missing Out on AI Boom: Compass Point

    31/07/2025

    COINS Act 2025 Offers a ‘Rights-First’ Roadmap

    31/07/2025

    GENIUS Act to spark wave of ‘killer apps’ and new payment services: Sygnum

    31/07/2025

    Bitcoin Scandal Erupts in China – Chinese State Newspaper Reports

    31/07/2025

    No Ruling Yet as Standard Approval Process Slows Progress

    31/07/2025

    Will Ethereum Hit a New All-Time High This Year? Odds Favor Bulls: Analysis

    01/08/2025

    Unveiling a Billion-Dollar Empire’s Bold Expansion

    01/08/2025

    Bitcoin mining faces surging power demands and record-low fees

    01/08/2025

    EToro Plans to Tokenize U.S. Stocks on Ethereum in Blockchain Push

    01/08/2025
  • MarketCap
NBTC News
Home»Mining»Bitcoin Miners Are Strugging After ETF Launch—Except One
Mining

Bitcoin Miners Are Strugging After ETF Launch—Except One

NBTCBy NBTC07/03/2024No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


The Bitcoin ETF launch in January has sent the price of BTC flying over the past 50 days, but companies that mine the top cryptocurrency have not been nearly as jubilant as the people who invest in it. With one notable exception.

Shares in several public mining firms are trading flat or down in 2024 so far. Riot Platforms (RIOT) has fallen 6.2%, and Iris Energy (IREN) has sunk 11%. While mining giants like Bitfarms (BITF) and Marathon Digital (MARA) have appreciated, it’s only by a modest 5% and 17% respectively.

Meanwhile, the price of BTC is up 42% year-to-date, with BlackRock’s iShares Bitcoin Trust (IBIT) up 35% since the moment it launched.

The contrast is unusual given the close relationship between Bitcoin’s price and miners’ business model. Mining firms buy expensive machinery and power to gather a consistent supply of new BTC issued by the network.

Since the mining industry at large receives direct BTC-denominated payouts, their dollar-based revenue naturally rises in direct proportion to Bitcoin’s price. Right now, miners earn 6.25 BTC with each Bitcoin block, which is produced every 10 minutes on average.

That said, with the Bitcoin halving coming up in April, the per-BTC reward is set to permanently fall to 3.125 BTC per block. Several analysts from firms like JPMorgan and others agree that the halving could push smaller, less efficient miners out of business.

“There has been a healthy pullback in the miner category over the last few days,” Isaac Holyoak, Chief Communications Officer of CleanSpark, told Decrypt. “But prior to that, mining stocks really front ran the recent Bitcoin price increase—almost all miners were well ahead of Bitcoin.”

“We are seeing a bit of a stabilization across the industry as Bitcoin and mining stocks return to parity,” he said.

Miners do have other sources of revenue, however—and that’s been a saving grace for Bitcoin-friendly cloud computing firm CleanSpark (CLSK).

The popularization of Bitcoin BRC-20 tokens last year helped boost transaction fees on Bitcoin, giving miners extra juicy payouts with each block. On a larger scale, Bitcoin mining firms are also breaking into AI by supporting the emerging tech with high-performance cloud computing services. This, executives say. is much more profitable per unit of energy than BTC mining.

CleanSpark stands out among public Bitcoin miners for outperforming BTC this year. Its shares are up 64% year-to-date, more than doubling in value last month.

Over the past 12 months, CLSK has greatly outperformed BTC, up 603%.

Holyoak argued that Bitcoin ETFs and mining firms present different opportunities to investors depending on their risk appetite.

“Miners that are prepared for halving will likely continue to be rewarded with investor confidence,” he concluded.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

Bitcoin mining faces surging power demands and record-low fees

01/08/2025

Auradine Shipped $73M Worth of Bitcoin Miners to MARA in H1 2025

31/07/2025

London Bitcoin Company Surpasses 1,000 Miners in North America

31/07/2025

Bitcoin Miner MARA Is Missing Out on AI Boom: Compass Point

31/07/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

Will Ethereum Hit a New All-Time High This Year? Odds Favor Bulls: Analysis

01/08/2025

Unveiling a Billion-Dollar Empire’s Bold Expansion

01/08/2025

Bitcoin mining faces surging power demands and record-low fees

01/08/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.