Bitcoin mining companies had a bumpy ride lately! Their value dropped a lot, but some are doing well. Let's find out why.
Some Bitcoin mining companies lost lots of money recently because the price of Bitcoin went down. But others are finding new ways to make money.
They're working with companies that need super-powerful computers (for things like artificial intelligence!). This helps them make money even if Bitcoin's price is low.
- Bitcoin's price went down from over $102,000 to around $78,000.
- Mining companies are finding new ways to make money, like renting out their super-powerful computers.
- Some are even making their own special computer chips for mining!
| Fact | Number |
|---|---|
| Mining companies lost in market value | $23 billion |
| Hut 8's revenue increase in 2024 | 69% |
| Hut 8's energy cost reduction | 30% |
| CoreWeave's acquisition deal | $1.7 billion |
