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Bitcoin Miners Get Left in the Dust—Again—as BTC Outperforms HPC-Exposed Rivals for Third Month Straight

Bitcoin Miners Get Left in the Dust—Again—as BTC Outperforms HPC-Exposed Rivals for Third Month Straight

Coindesk
Author:
Coindesk
Release Time:
2025-05-01 13:01:40
0

Bitcoin Miners With HPC Exposure Underperformed BTC for Third Straight Month: JPMorgan

JPMorgan’s latest data confirms what the market already knew: Bitcoin miners with high-performance computing (HPC) exposure are getting smoked. Again. For the third consecutive month, these firms trailed BTC’s price action—proof that even ’diversification’ can’t save you from crypto’s brutal hierarchy.

While Bitcoin flexes its dominance, HPC miners are stuck explaining underperformance to shareholders. Maybe next quarter, guys. (Or maybe Wall Street will just shrug and buy more spot ETFs instead—because why mine when you can ride the wave?)

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