The total market value of publicly listed bitcoin mining companies has risen to $90 billion.

Jinse Finance reported that on Wednesday, bitcoin mining stocks continued their strong rebound, with the total market capitalization of 15 major listed mining companies surpassing $90 billions, more than doubling from less than two months ago. Leading this surge was Bitdeer, whose stock price once soared 32% to $26.61, reaching a new high in over a year. The Singapore-based company disclosed on Tuesday that, thanks to the launch of its self-developed mining machines, its actual hash rate in September increased by 32.9% month-on-month, thus surpassing a certain exchange to become the world's fifth largest listed bitcoin mining company. The stock price of Canaan, a mining machine manufacturer and operator of its own mining equipment, also rose as much as 11.1% to $2.00. The company recently received an order for 50,000 A15 Pro Avalon mining machines and expanded its natural gas-powered mining pilot project in Canada. This momentum has spread to almost the entire industry. Applied Digital and Hut 8 also achieved double-digit gains on Wednesday, while the stock prices of almost all other companies are close to or have already reached new 52-week highs.