2020 Q1 Crypto Mining Research Report

More and more public companies are entering the mining industry, and almost all of them have stock prices that are positively correlated with the price change of bitcoin. As bitcoin has risen sharply since Q4 2020, so have the stocks of these companies. Some companies' stock prices have changed nearly ten times as much as bitcoin's, making them even more "crazy" than bitcoin's price fluctuations. But the highest increase in computing power was only about 55%. Due to limited mining capacity, bitcoin's arithmetic power is growing more slowly than the price increase, and along with the market's fervor, bitcoin congestion has increased.