BTC has seen a 113% price increase this year, while only 7 out of 25 publicly traded mining firms have achieved a positive return.

BlockBeats News, December 25th. As of December 24th, Bitcoin has surged by 113% in 2024. However, according to the Hashrate Index and Google Finance data, most publicly traded mining companies saw their stock prices plummet by as much as 84% by the end of 2024.

Among the 25 mining companies in this index, only 7 have achieved positive returns. At the time of writing, Bitdeer (BTDR) has risen by 167%, Cipher (CIFR) by 33%, Hut 8 (HUT) by 91%, Iris Energy (IREN) by 72%, Northern Data (NB2) by 58%, Core Scientific (CORZQ) by 327%, and TeraWulf (WULF) by 169%. On the other hand, Argo Blockchain (ARB) has fallen by 84%, followed by Sphere 3D (ANY) by 69%, MARA Holdings (MARA) by 12%, Hive (HIVE) by 29%, Greenidge (GREE) by 74%, Bitfarms (BITF) by 44%, BitFufu (FUFU) by 18%, among others.

Overall, 2024 was a year of adaptation for Bitcoin mining companies, as they addressed issues of reduced rewards and increased costs while seeking new revenue streams to sustain operations.