BlockBeats news, on September 10, since August 17, Bitcoin's price has risen approximately 22%, with cryptocurrency exchanges and stablecoin-related stocks rising in tandem, but Bitcoin mining companies have clearly lagged behind.
Among the 11 Bitcoin mining companies and related firms analyzed, only Canaan outperformed BTC, while the other 10 underperformed Bitcoin, with a median gain of just 1.8% during the period.
Among them, Core Scientific and Terawulf performed the worst, lagging behind Bitcoin by 27% and 24%, respectively.
Analysis indicates that some mining companies have shifted toward high-performance computing (HPC) and AI data center operations in recent years. While this transition has helped support stock prices during the crypto bear market, it has also diverted attention from Bitcoin mining and introduced additional operational risks.
However, the dual focus on AI data centers and Bitcoin mining could also become a long-term advantage for mining companies: mining operations benefit during bull markets, while AI data centers can improve the company’s balance sheet during periods of crypto market downturns.