In 2024, Bitcoin grew by 133.3%, rising from $40,000 to $108,309. However, not all mining companies were able to profit. Out of the top 25, only 8 companies showed growth.
Top 5 miners:
- Bitdeer and TeraWulf stood out as exceptions, showing success.
- Argo Blockchain, Greenidge, Bitfarms, and others lost up to 83%!
The reasons? A decrease in mining rewards (the fourth halving) and rising equipment costs.
Bitcoin this year not only provided profit but also had a significant impact on the mining market.