Bitcoin mining companies' market capitalization evaporated by 22% last month due to market downturn

It was reported that the market capitalization of Bitcoin mining companies fell by 22% last month due to the slump in the virtual asset market. On the 4th (local time), JP Morgan released a report stating, "The number of Bitcoin mining companies listed on the US stock market has
The market capitalization of 14 bitcoin mining companies fell 22% last month," JP Morgan said. "The decline in market capitalization was primarily due to the drop in bitcoin prices and a worsening outlook."
"Mining companies have been struggling recently due to the slump in the virtual asset market," he said. "Mining companies' profits have decreased and their stock prices have fallen," he said. "For a month, CoScientific's
Its stock price fell 9%, while Greenwich Generation's fell nearly 36%.