In 2024, while Bitcoin had a return of 113%, many publicly traded mining companies experienced declines in their stock prices, some as high as 84%

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Jan 1, 2025 - 12:00am

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Despite Bitcoin's impressive performance in 2024, with a return of 113%, many publicly traded mining companies have struggled to keep pace. Some have reported declines of up to 84% in their stock prices, highlighting the volatility and risks associated with the mining sector.

While Grayscale pointed to a correlation between the performance of Bitcoin and the mining industry, miners’ stocks struggled to capitalize on Bitcoin’s 113% returns in 2024.