由于加密货币持续波动，比特币（BTC）矿业股走低

最大矿业公司Marathon Digital 8月28日股价下跌2.3%，较本月最高点下跌38%。

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

由于加密货币价格持续波动，比特币矿业股 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%.

最大的矿业公司 Marathon Digital 8 月 28 日下跌 2.3%。该股较本月最高点已下跌 38%。 CleanSpark 股价下跌 1.75%，至 11.25 美元，而 Riot Platform 股价下跌超过 1.4%。

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

其他大型比特币 (BTC) 矿业股也出现回调，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.

这些股票大多在较今年最高水平下跌超过20%后仍处于熊市。

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.

这些股票的表现与 3 月份以来比特币的价格走势密切相关。比特币在创下历史新高 73,800 美元后，已回落 18.78%，达到 60,000 美元。一般来说，当比特币上涨时，比特币矿工往往表现良好，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，由于四月份比特币减半事件导致哈希率上升，这些公司面临着困难。因此，他们中的大多数人开采的比特币比减半事件之前要少。

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 月份开采了 894 个代币，在 7 月份开采了 692 个代币。同样，CleanSpark 在 3 月份开采了 806 个代币，7 月份开采了 494 个代币，而 Riot Platforms 在 3 月份开采了 425 个代币，7 月份开采了 370 个代币。

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

因此，这些公司面临着采矿产量下降和比特币价格下跌的双重影响。

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，其中一些公司对危机的反应不同。加拿大领先矿商 Bitfarms 本月早些时候收购了竞争对手 Stronghold Digital。 Riot Platforms 也盯上了 Bitfarms，并已成为其最大股东之一。

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.

与此同时，Marathon Digital 已开始开采 Kaspa (KAS)，并继续积累比特币持有量。本月早些时候，它购买了价值 2.49 亿美元的比特币，成为继 MicroStrategy 之后第二家持有 BTC 的企业。

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.

比特币价格支持矿业股比特币矿业股的价格将在很大程度上取决于比特币的价格走势。有一些催化剂可能会推高比特币价格。

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.

期权市场数据显示，8 月 30 日到期的看涨期权中有 93% 处于价外状态，执行价格高于 60,000 美元。看涨期权赋予持有人购买资产的权利，但没有义务。

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

然而，从长远来看，期权市场预计到今年年底可能会上涨至 90,000 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.

比特币继续在 ETF 市场出现强劲流入。虽然 8 月 27 日资金流出 1.27 亿美元，但今年新增资金超过 179.5 亿美元。 Blackrock 的 ETF 拥有超过 222 亿美元的资产，而 Fidelity 的基金拥有 110 亿美元的资产，即将超过 Grayscale 的比特币信托基金。

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.

比特币的其他潜在催化剂包括即将到来的美联储降息、唐纳德·特朗普可能获胜、夏季回归、美国债务飙升以及机构需求。

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

如果这些催化剂一致并且比特币复苏，那么大多数比特币矿业股票也很有可能反弹。