Blockchain’s value is falling, but it’s also the case that other Bitcoin mining companies in the U.S. are also.  ,
According to analysts at JP Morgan, the aggregate market capitalization of 14 of the nation’s top public miners dropped 22 %, or$ 6 billion, in February alone.
Core Scientific, Greenidge, and MARA Holdings are among the companies that the best investment bank lines.
Additionally, according to JP Morgan’s statement, the companies ‘ revenue decreased, with researchers at the banks predicting that Bitcoin workers made$ 54,300 per EH/s on average in regular block reward revenue in February, down 5 % from the previous month.  ,
According to CoinGecko data, Bitcoin’s price has dropped 10 % over the past 30 days and is currently trading at$ 87,300.  ,
As investors sought a “risk-off” strategy amid trade war tensions sparked by President Donald Trump’s tariffs on Canada and Mexico, the asset dropped as low as$ 78, 940 on Friday.
Bitcoin is down nearly 20 % from its all-time high of over$ 108, 000 in January, which was close to the same day that President Trump was formally inaugurated on November 5.  ,
The third quarter of last year saw the highest revenue growth for Bitcoin workers, including MARA Holdings, despite the fact that the company’s performance had contributed to the decline in price.
When Bitcoin prices drop, mining operations, which demand a lot of power, run at higher costs, increasing the cost of maintaining operations.  ,
Investors anticipated that prices would continue to rise in anticipation of a” Trump business,” which would encourage mood and bring other digital assets to fresh all-time peaks earlier in the year.  ,
However, investors have been forced to sell their positions in chance resources, including Bitcoin and equities, as a result of a trade war with significant global markets, including China.
Workers with high-performance technology experience were put under pressure as a result of the late January release of Deepseek, a Chinese AI type, according to JPMorgan.
Some Bitcoin workers have repurposed their information centers to help the Artificial sector in order to counteract the effects of slow AI growth.
The industry experienced disruption in January, though, as a result of the Chinese startup’s announcement that its large-language business model, which was developed with considerably less capital than U.S. companies like OpenAI, Microsoft, and Google, was causing a downward trend for Bitcoin miners to diversify into AI.
edited by Sebastian Sinclair
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