加密貨幣市場放緩襲擊了礦工，從他們的獎勵中刪除了數億美元

加密貨幣市場的放緩使礦工猛烈打擊，比特幣價格下跌，降低了網絡活動和削減交易費用，從其獎勵中刪除了數億美元。

The crypto market slowdown has hit miners hard. Plunging Bitcoin prices, lower network activity, and cuts in transaction fees have erased hundreds of millions of dollars from their rewards.

加密貨幣市場放緩使礦工震驚。從比特幣價格下跌，網絡活動降低以及交易費用削減，從其獎勵中刪除了數億美元。

According to data presented by CryptoPresales.com from Statista and Coin Metrics, Bitcoin miners earned $3.86 billion in Q1 2025. This marks a massive $900 million decrease year-over-year.

根據Cryptopresales.com從Statista和Coin Metrics提供的數據，比特幣礦工在第1季度的2025年獲得了38.6億美元的收入。這標誌著同比減少9億美元。

An 18% Plunge Amid Market Slowdown Pushed Miners’ Revenue to 2022 Levels

在市場放緩的情況下，18％的暴跌將礦工的收入提升到2022年的水平

When Bitcoin’s price drops or stays weak, like in early 2025, miners earn less money for each block they add to the blockchain.

當比特幣的價格下跌或保持疲軟時，例如2025年初，礦工為每個區塊賺取的賺錢較少。

Since their rewards are usually in Bitcoin, if the BTC price drops, the dollar value of their rewards shrinks even if they mine the same amount. However, transaction fees also tend to fall during a slowdown, due to less trading and less network activity, meaning miners got hit twice. The result was a staggering $900 million wipeout in just three months.

由於他們的獎勵通常為比特幣，如果BTC的價格下跌，那麼獎勵的美元價值即使他們挖了相同的金額也會收縮。但是，由於交易減少和網絡活動較少，交易費也往往會在放緩期間下降，這意味著礦工被擊中了兩次。結果是短短三個月內的9億美元消失。

Statistics show that Bitcoin miners raked in $3.86 billion in Q1. While quite impressive, this figure represents a considerable 18% plunge compared to the year-ago period.

統計數據表明，比特幣礦工在第一季度的38.6億美元賺了。雖然令人印象深刻，但與去年同期相比，這個數字代表著相當大的18％。

Furthermore, statistics show this double-digit drop pushed miners’ revenue to 2022 levels when they raked in around $3.4 billion in Q1 and faced a similar 17% drop year-over-year.

此外，統計數據顯示，這種兩位數的下降將礦工的收入升至2022年的水平，當時他們的第1季度約34億美元，並且面臨著同比下降的17％下降。

Statistics add that the average monthly revenue dropped by 17% in Q1 2025. During the first three months of 2024, miners raked in an average of $1.55 billion per month, fueled by a peak of over $2 billion in March that year, still the highest monthly revenue on record. In Q1 2025, the monthly average dropped by $270 million and hit $1.28 billion.

統計數據補充說，在2025年第1季度，平均每月收入下降了17％。在2024年的前三個月中，礦工平均每月15.5億美元的價格漲幅，這一年3月的高峰超過20億美元，仍然是每月最高收入。在2025年第1季度，每月平均值下降了2.7億美元，達到12.8億美元。

Largest Bitcoin Miners See Double-Digit Stock Value Losses

最大的比特幣礦工看到兩位數的股票價值損失

Besides plunging revenues, the largest Bitcoin miners also faced significant stock value losses amid the market slowdown.

除了減少收入外，最大的比特幣礦工在市場放緩的情況下還面臨著巨大的股票價值損失。

According to Companies Market Cap data, the combined market cap of the world’s five largest crypto mining companies, Marathon Digital Holdings (NASDAQ:HDIG), Riot Blockchain (NASDAQ:RIOT), CleanSpark (NASDAQ:CLSK), Core Scientific (NYSE:芯) and Bitdeer Technologies Group (NYSE:BTG), stood at $22.2 billion in January; now it’s $14.7 billion.

根據公司市值數據的數據，世界上五個最大的加密礦業公司，馬拉松數字控股（NASDAQ：HDIG），RIOT區塊鏈（NASDAQ：RIOT），CleanSpark（Nasdaq：Clsk），Core Scientific（NYSE：NYSE：nyse：nyse：nyse：nyse：nyse：nyse：nyyologies at $ 22 bt at y YYSE：bt nyyse：bt in yyss nyyse：bt in y yyse：bt nyyse：bt in y yyse：bt nyyse：bt nyyse：bt nyyse：bt nyyse：bt nyyse：bt nyyse：bt，現在是147億美元。

This represents a staggering 36% drop in just three months.

這在短短三個月內就代表了驚人的36％。

While all these companies suffered multi-billion losses in Q1, Bitdeer was hit the hardest. Statistics show the Singapore-based crypto miner suffered a massive 52% drop, with its stock value plunging from $4.3 billion to just over $2 billion in three months.

儘管所有這些公司在第一季度遭受了數十億美元的損失，但Bitdeer受到了最難的打擊。統計數據顯示，這家總部位於新加坡的加密貨幣礦工下降了52％，其股價從43億美元下降到三個月內的20億美元。

Core Scientific and Riot Blockchain suffered around 35% losses, losing $2.7 billion and $2.5 billion in stock value. CleanSpark’s market cap dropped by 16%, representing the smallest decline in the top five group.

核心科學和防暴區塊鏈損失約35％，損失了27億美元和25億美元的股票價值。 CleanSpark的市值下降了16％，這是前五組的最小下降。