Bitcoin Mining Revenues Stabilize Post-Halving, Mining Stocks May See a Rebound

Since Bitcoin’s halving in April 2024, daily mining revenues have dropped significantly from $70 million to $31 million. However, mining stocks have remained relatively stable, performing slightly below Bitcoin but exceeding overall market expectations.

As mining revenues begin to bottom out, a rebound in mining stocks may be on the horizon. Many mining companies have opted to hold their Bitcoin reserves, reducing the need to sell on exchanges and thereby easing market selling pressure. This strategy not only provides shareholders with leveraged exposure to Bitcoin operations but also increases leverage on reserves.