加密货币市场放缓袭击了矿工，从他们的奖励中删除了数亿美元

加密货币市场的放缓使矿工猛烈打击，比特币价格下跌，降低了网络活动和削减交易费用，从其奖励中删除了数亿美元。

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.

加密货币市场放缓使矿工震惊。从比特币价格下跌，网络活动降低以及交易费用削减，从其奖励中删除了数亿美元。

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.

根据Cryptopresales.com从Statista和Coin Metrics提供的数据，比特币矿工在第1季度的2025年获得了38.6亿美元的收入。这标志着同比减少9亿美元。

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

在市场放缓的情况下，18％的暴跌将矿工的收入提升到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.

当比特币的价格下跌或保持疲软时，例如2025年初，矿工为每个区块赚取的赚钱较少。

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.

由于他们的奖励通常为比特币，如果BTC的价格下跌，那么奖励的美元价值即使他们挖了相同的金额也会收缩。但是，由于交易减少和网络活动较少，交易费也往往会在放缓期间下降，这意味着矿工被击中了两次。结果是短短三个月内的9亿美元消失。

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.

统计数据表明，比特币矿工在第一季度的38.6亿美元赚了。虽然令人印象深刻，但与去年同期相比，这个数字代表着相当大的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，统计数据显示，这种两位数的下降将矿工的收入升至2022年的水平，当时他们的第1季度约34亿美元，并且面临着同比下降的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.

统计数据补充说，在2025年第1季度，平均每月收入下降了17％。在2024年的前三个月中，矿工平均每月15.5亿美元的价格涨幅，这一年3月的高峰超过20亿美元，仍然是每月最高收入。在2025年第1季度，每月平均值下降了2.7亿美元，达到12.8亿美元。

Largest Bitcoin Miners See Double-Digit Stock Value Losses

最大的比特币矿工看到两位数的股票价值损失

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

除了减少收入外，最大的比特币矿工在市场放缓的情况下还面临着巨大的股票价值损失。

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.

根据公司市值数据的数据，世界上五个最大的加密矿业公司，马拉松数字控股（NASDAQ：HDIG），RIOT区块链（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，现在是147亿美元。

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

这在短短三个月内就代表了惊人的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.

尽管所有这些公司在第一季度遭受了数十亿美元的损失，但Bitdeer受到了最难的打击。统计数据显示，这家总部位于新加坡的加密货币矿工下降了52％，其股价从43亿美元下降到三个月内的20亿美元。

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.

核心科学和防暴区块链损失约35％，损失了27亿美元和25亿美元的股票价值。 CleanSpark的市值下降了16％，这是前五组的最小下降。