Bitcoin mining stocks end 2025 strong despite December slump: JPMorgan

Bitcoin mining stocks generally ended 2025 on a high note, despite a brutal showing in December. In their December Bitcoin Mining Monthly research note, J.P. Morgan analysts Reggie Smith and Charles Pearce reported that the aggregate market capitalization of 14 bitcoin miners fell 18% month-over-month in December 2025 to $48 billion, as daily bitcoin mining revenue dropped 7%. Despite this, the sector finished 2025 with a 73% gain in total market value even after a pullback from October highs of $70 billi ...