由於加密貨幣持續波動，比特幣（BTC）礦業股走低

最大礦業公司Marathon Digital 8月28日股價下跌2.3%，較本月最高點下跌38%。

Bitcoin mining stocks declined on Aug. 28 as the cryptocurrency's price remained volatile.

由於加密貨幣價格持續波動，比特幣礦業股 8 月 28 日下跌。

The biggest mining company, Marathon Digital, fell by 2.3% on Aug. 28. The stock has dropped by 38% from its highest point this month. CleanSpark stock fell by 1.75% to reach $11.25, while Riot Platform dropped by over 1.4%.

最大的礦業公司 Marathon Digital 8 月 28 日下跌 2.3%。 CleanSpark 股價下跌 1.75%，至 11.25 美元，而 Riot Platform 股價下跌超過 1.4%。

Other large Bitcoin (BTC) mining stocks also pulled back, including Argo Blockchain, Core Scientific, TeraWulf, and Cipher Mining.

其他大型比特幣 (BTC) 礦業股也出現回調，包括 Argo Blockchain、Core Scientific、TeraWulf 和 Cipher Mining。

Most of these stocks are still in a bear market after falling by over 20% from their highest level this year.

這些股票大多在較今年最高水準下跌超過20%後仍處於熊市。

The performance of these stocks is closely tied to Bitcoin’s price action since March. After peaking at a record high of $73,800, Bitcoin has retreated by 18.78% to reach $60,000. Generally, Bitcoin miners tend to perform well when BTC is rising and vice versa.

這些股票的表現與 3 月以來比特幣的價格走勢密切相關。比特幣在創下歷史新高 73,800 美元後，已回落 18.78%，達到 60,000 美元。一般來說，當比特幣上漲時，比特幣礦工往往表現良好，反之亦然。

Moreover, these companies have faced difficulties due to the Bitcoin halving event in April, which has increased the hash rate. As a result, most of them have mined fewer Bitcoins than before the halving event.

此外，由於四月比特幣減半事件導致哈希率上升，這些公司面臨困難。因此，他們中的大多數人開採的比特幣比減半事件之前要少。

For instance, Marathon Digital mined 894 coins in March and 692 in July. Similarly, CleanSpark mined 806 coins in March and 494 in July, while Riot Platforms mined 425 coins in March and 370 in July.

例如，Marathon Digital 在 3 月開採了 894 個代幣，在 7 月開採了 692 個代幣。同樣，CleanSpark 在 3 月開採了 806 個代幣，7 月開採了 494 個代幣，而 Riot Platforms 在 3 月開採了 425 個代幣，7 月開採了 370 個代幣。

Consequently, these companies are facing the dual effects of lower mining production and declining Bitcoin prices.

因此，這些公司面臨採礦產量下降和比特幣價格下跌的雙重影響。

However, some of these companies are responding to the crisis differently. Bitfarms, a leading Canadian miner, acquired rival Stronghold Digital earlier this month. Riot Platforms is also eyeing Bitfarms and has become one of its top shareholders.

然而，其中一些公司對危機的反應不同。加拿大領先礦商 Bitfarms 本月稍早收購了競爭對手 Stronghold Digital。 Riot Platforms 也盯上了 Bitfarms，並已成為其最大股東之一。

Meanwhile, Marathon Digital has started mining Kaspa (KAS) and is continuing to accumulate Bitcoin holdings. Earlier this month, it purchased Bitcoins worth $249 million, making it the second corporate BTC holder after MicroStrategy.

同時，Marathon Digital 已開始開採 Kaspa (KAS)，並持續累積比特幣持有量。本月早些時候，它購買了價值 2.49 億美元的比特幣，成為繼 MicroStrategy 之後第二家持有 BTC 的企業。

Bitcoin price to support mining stocksThe price of Bitcoin mining stocks will largely depend on Bitcoin’s price action. There are a few catalysts that could push BTC prices higher.

比特幣價格支持礦業股比特幣礦業股的價格將在很大程度上取決於比特幣的價格走勢。有一些催化劑可能會推高比特幣價格。

Data from the options market shows that the Aug. 30 expiry has 93% of all call options being Out-of-the-Money, with a strike price above $60,000. A call option gives a holder the right but not the obligation to buy an asset.

選擇權市場數據顯示，8 月 30 日到期的買權中有 93% 處於價外狀態，執行價格高於 6 萬美元。買權賦予持有者購買資產的權利，但沒有義務。

However, in the long term, the options market is predicting a potential rally to $90,000 by the end of the year.

然而，從長遠來看，選擇權市場預計到今年年底可能會上漲至 9 萬美元。

Bitcoin continues to see strong inflows in the ETF market. While funds suffered outflows of $127 million on Aug. 27, they have added over $17.95 billion this year. Blackrock’s ETF has over $22.2 billion in assets while Fidelity’s fund has $11 billion and is about to pass Grayscale’s Bitcoin Trust.

比特幣持續在 ETF 市場出現強勁流入。雖然 8 月 27 日資金流出 1.27 億美元，但今年新增資金超過 179.5 億美元。 Blackrock 的 ETF 擁有超過 222 億美元的資產，而 Fidelity 的基金則擁有 110 億美元的資產，即將超過 Grayscale 的比特幣信託基金。

Other potential catalysts for Bitcoin include the upcoming Federal Reserve interest rate cuts, a potential Donald Trump victory, the return from summer, soaring US debt, and institutional demand.

比特幣的其他潛在催化劑包括即將到來的聯準會降息、唐納德·川普可能獲勝、夏季回歸、美國債務飆升以及機構需求。

If these catalysts align and Bitcoin recovers, there is a high chance that most Bitcoin mining stocks will also bounce back.

如果這些催化劑一致且比特幣復甦，那麼大多數比特幣礦業股票也很有可能反彈。