JPMorgan Chase: The market value of 14 listed Bitcoin mining companies shrank by 25% in March

According to a report by Decrypt, JPMorgan stated in a report on Tuesday that Bitcoin miners continue to face challenges. The 14 listed mining companies in this field collectively experienced their worst month ever recorded in March. The tracked Bitcoin miners, including companies like MARA and Core Scientific, saw their total market value shrink by 25% last month, which is about $6 billion. In addition, the report states that companies with high-performance computing businesses "underperformed pure Bitcoin miners for the second consecutive month." Data from JPMorgan shows that these 14 listed mining companies also performed poorly in February when they lost more than 20% of their total market value, again approximately $6 billion.