According to TechFlow, Matrixport released a chart saying that since the halving in April 2024, the daily revenue of Bitcoin mining has dropped sharply from US$70 million to US$31 million. However, mining stocks have performed relatively steadily, although slightly worse than Bitcoin, but the overall performance is better than expected. As the revenue gradually bottoms out, mining stocks may rebound.
Many mining companies choose to hold Bitcoin inventory and reduce selling on exchanges, thereby alleviating market selling pressure. This strategy not only provides shareholders with Bitcoin operating leverage, but also increases inventory leverage. MicroStrategy shareholders have received rich returns with a similar strategy.
