In March 2025, public mining companies suffered significant losses, recording the worst month in history. According to investment bank JP Morgan, the capitalization of the 14 largest bitcoin miners decreased by 25%, equivalent to $6 billion.
This is reported by Business • Media
The drop in bitcoin prices was the main reason for this decline. Data shows that in February, these companies also incurred losses of a similar amount. JP Morgan experts noted that “some bitcoin miners are trying to offset losses by transitioning to the artificial intelligence data center industry.”
“Some bitcoin miners are trying to offset losses by transitioning to the artificial intelligence data center industry,” added JP Morgan experts.
Additionally, participants at the Mining Disrupt conference emphasized that companies are finding it increasingly difficult to cover mining costs due to the ongoing decline in bitcoin prices. At the time of writing, bitcoin is trading above the $85,000 mark.
It is worth noting that on March 23, 2025, the mining difficulty of the first cryptocurrency increased by 1.43%, reaching 113.76 T, which is close to the historical maximum of 114.17 T.