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Bitcoin Miners Hit Rock Bottom? Valuations Slip Below Key Average For First Time In A Year

Benzinga LogoBenzinga22h ago

Bitcoin Miners Hit Rock Bottom? Valuations Slip Below Key Average For First Time In A Year - Benzinga

Quick Summary:

According to JPMorgan analyst Reginald L.Smith, U.S.-listed miners are now trading at just 1.35x their proportional share of the four-year block reward opportunity – marking the first time in nearly a year that valuations have fallen below the 1.7x historical average since January 2022.

Bitcoin Price Drops, Mining Competition Rises

The culprit?

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Bitcoin Miners Hit Rock Bottom? Valuations Slip Below Key Average For First Time In A Year - Benzinga (Picture 1)

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Article Details

Author / Journalist: Surbhi Jain

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-17 @ 12:35:14 (22 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 376 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 27082916

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About Benzinga

Benzinga Logo

Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 23 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

Publisher Details

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The story "Bitcoin Miners Hit Rock Bottom? Valuations Slip Below Key Average For First Time In A Year" was covered 22 hours ago by Benzinga, a news publisher based in United States.

How trustworthy is 'Benzinga' news outlet?

Benzinga is a fully independent (privately-owned) news outlet established in 2010 that covers mostly technology news.

The outlet is headquartered in United States and publishes an average of 23 news stories per day.

It's most recent story was published 8 hours ago.

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  • News ID: #27082916
  • URL: https://beamstart.com/news/bitcoin-miners-hit-rock-bottom-17422154604063

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