Data: Only 7 of the 25 listed mining companies achieved positive returns by the end of 2024
Bitcoin was up 113 per cent in 2024 as of December 24, while most listed miners ended 2024 in a downward trend, down as much as 84 per cent, according to the Hashrate Index and Google Finance. Of the 25 listed miners in the index, only seven have achieved positive returns.
As of press time, Bitdeer (BTDR) is up 167%, Cipher (CIFR) is up 33%, Hut 8 (HUT) is up 91%, Iris Energy (IREN) is up 72%, Northern Data (NB2) is up 58%, Core Scientific (CORZQ) is up 327%, and TeraWulf (WULF) is up 169%.
On the other hand, Argo Blockchain (ARB) fell 84%, followed by Sphere 3D (ANY), which fell 69%, to name a few.
Bitcoin miners earned more than $71 billion cumulatively. According to Blockchain.com, miners earned $42 million on Dec. 22, while the peak in April was more than $100 million.