Bitcoin mining revenue declines, mining stocks may have an opportunity to rebound!
On October 8, Matrixport’s latest chart revealed that since the halving in April 2024, the daily income of Bitcoin mining has dropped significantly, from US$70 million to US$31 million. However, mining stocks performed relatively solidly, and although slightly worse than Bitcoin, overall exceeded expectations. As earnings gradually bottom out, mining stocks may be poised for a rebound.
Many mining companies choose to hold Bitcoin inventory to reduce selling and ease market pressure. This strategy not only provides shareholders with Bitcoin operating leverage, but also adds inventory leverage, similar to MicroStrategy's successful strategy that has delivered strong returns to its shareholders.
Follow Lao Lin, seize the investment opportunities when mining stocks rebound, and let your wealth grow in step with the market!
