JPMorgan Chase: The share prices of listed Bitcoin mining companies rose significantly in November, and the overall market value increased by 52% month-on-month

According to a research report released by JPMorgan Chase on Monday, as the price of coin broke through $99,500 last month, the stock prices of some listed coin mining companies also rose significantly. The report pointed out that the market value of the 14 coin mining companies tracked by JPMorgan Chase increased by 52% month-on-month, reaching $36.2 billion. Among the companies with the best performance in November, the stock price of Singapore's deer rose 83% during this period to $14.27. Overall, last month, the stock prices of listed coin mining companies rose after the US election, with Argo chain being the only mining company that lost money at the end of November, with its stock price falling 3% to $1.08 as of last Friday. Analysts said that since the halving event in April, coin mining revenue has decreased by 50%. Although the rewards are still relatively low, the rise in coin prices has led to an increase in mining returns in November. Based on 1 EH, the daily revenue of coin mining companies in November grew by 24% from around $42,000 in October to $52,000.