Cointime

Cointime

Download App
iOS & Android
Home / Point

Mining Companies Lag Behind: Bitcoin Rises 22% While Median Gain of 10 Mining Stocks is Only 1.8%

As of September 10, Bitcoin's price has increased by approximately 22% since August 17, with crypto trading platforms and stablecoin-related stocks also seeing gains. However, Bitcoin mining companies have notably lagged behind. Among 11 Bitcoin mining companies and related firms analyzed, only Canaan Inc. outperformed Bitcoin, while the remaining 10 companies underperformed, with a median gain of only 1.8%. Core Scientific and Terawulf performed the worst, lagging behind Bitcoin by 27% and 24%, respectively. Analysts point out that some mining companies have shifted towards high-performance computing (HPC) and AI data center businesses in recent years. While this transition has helped sustain stock prices during the crypto bear market, it has also diverted attention from Bitcoin mining operations and introduced additional operational risks. However, the dual focus on AI data centers and Bitcoin mining could become a long-term advantage for mining companies: benefiting from mining operations during bull markets while improving balance sheets through AI data centers during crypto market downturns.

Comments

All Comments

Recommended for you

  • Major Central Banks of the US, Japan, and UK to Announce Monetary Policy This Week

    On September 12, the Federal Reserve, the Bank of Japan, and the Bank of England will announce their monetary policy decisions this week, with the focus on whether the Federal Reserve will raise interest rates for the first time in three years. Iran and Gulf countries have been negotiating a temporary management agreement for shipping in the Strait of Hormuz.

  • Anthropic CEO: We Must Slow Down the Advancement of AI Model Capabilities

    On September 12, the co-founder and CEO of Anthropic stated that the pace of enhancing AI model capabilities must be slowed down. 'Slowing down the pace' does not mean halting model training or technological progress, but rather ensuring that companies have ample time for alignment and to ensure the safety of the models.

  • Morgan Stanley Increases Bitcoin Holdings for Three Consecutive Days, Total Holdings Exceed 7,800 BTC

    On September 12, Morgan Stanley increased its Bitcoin holdings for three consecutive days through its spot Bitcoin exchange-traded fund MSBT, investing $15.81 million to acquire approximately 203.45 BTC. The total holdings now amount to 7,855 BTC, valued at over $600 million.

  • Anthropic IPO Approaches, Off-Market Valuation Peaks and Retracts to $2.159 Trillion

    On September 12, HIP-3 market deployer Entropy launched the Anthropic Pre-IPO market on Hyperliquid. As the Anthropic IPO draws near, its market valuation peaked at over $2.3 trillion on the platform on the 9th before retracting to $2.159 trillion. As of the time of this report, the pre-market contract volume for Anthropic reached $28.19 million, with a trading volume of $6.74 million. Additionally, OpenAI's pre-market contract valuation on Entropy is currently reported at $164 million, with a volume of $7.67 million.

  • China to Assume BRICS Presidency in 2027

    On September 12, during the first phase of the 18th BRICS Leaders' Meeting, President Xi Jinping announced that China will assume the BRICS presidency in 2027 and host the 19th BRICS Leaders' Meeting. (CCTV News)

  • Fujitsu Japan to Export AI Chips to the U.S. and Asia

    On September 12, Fujitsu Japan will export AI chips to the United States and Asia.

  • Explosive Growth in Token Demand in China, Expected to Reach 1 Trillion by 2026

    On September 12, according to CCTV, the China Telecom Research Institute released the "Research Report on AI Infrastructure Development in the Era of Intelligent Agents (2026)". The report indicates that as the focus of the artificial intelligence industry shifts from competition in large models and computing power to the large-scale implementation and monetization of intelligent agents, the demand for tokens in China has shown explosive growth. Rao Shaoyang, director of the Institute of Industry and Enterprise Strategy at the China Telecom Research Institute, stated that the annual consumption of tokens in China is expected to reach 1 trillion by 2026, and exceed 35 trillion by 2030, with a compound annual growth rate approaching 12 times.

  • China Mobile Launches Trusted AI Computing

    On September 12, at the main forum of the 2026 National Computing Conference, China Mobile officially launched Trusted AI Computing (AITC). It is reported that AITC is based on a fully domestic heterogeneous computing foundation of mobile cloud, integrating core technologies such as confidential computing, domestic encryption, and privacy protection for information flow. It provides intelligent multi-form confidential computing and confidential tokens, constructing an integrated AI security solution that covers the entire lifecycle of AI training, inference, and data usage in the cloud, allowing customers to use public cloud services as if they were using private clouds. This effectively addresses the common pain points of data sensitivity in industries such as finance, government, industry, healthcare, and academic research, where privacy data is prone to leakage, model assets are easily stolen, and there is a lack of trust in computing environments.

  • Sequoia Capital Leads New Funding Round for Mecka AI, Valuation Approaches $500 Million

    According to two informed sources, humanoid robot data startup Mecka AI is nearing the completion of a new funding round led by Sequoia Capital, with a valuation of approximately $500 million. The scale and specific terms of this funding round have yet to be determined and may still change. Mecka AI primarily collects data on human daily movements through body sensors and smartphones, using this data to train humanoid robots and other robotic systems. The company was founded in 2024 and completed a $60 million funding round in June of this year, led by Framework Ventures, with participation from Menlo Ventures, SV Angel, and Kindred Ventures. Notably, the founding team of Mecka AI previously worked mainly in food fintech and cryptocurrency startups, rather than in the robotics industry.

  • Sequoia Capital Leads New Funding Round for Mecka AI, Valuation Approaches $500 Million

    According to two informed sources, humanoid robot data startup Mecka AI is nearing the completion of a new funding round led by Sequoia Capital, with a valuation of approximately $500 million. The scale and specific terms of this funding round have yet to be determined and may still change. Mecka AI primarily collects data on human daily movements through body sensors and smartphones, using this data to train humanoid robots and other robotic systems. The company was founded in 2024 and completed a $60 million funding round in June of this year, led by Framework Ventures, with participation from Menlo Ventures, SV Angel, and Kindred Ventures. Notably, the founding team of Mecka AI previously worked in the fields of food tech and cryptocurrency, rather than having a background in robotics.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company