Bitcoin Miners: Attractive Valuations, But Timing Is Key

Bitcoin Miners Report, April 2025

When Bitcoin struggles, Bitcoin mining stocks typically struggle even more.

This effect is amplified when both Bitcoin and the broader stock market are facing difficulties simultaneously.

Currently, mining stocks are trading at significantly depressed prices. This raises an important question: Are they bargains worth buying, or do they represent risky investments despite their low prices?

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Bitcoin Miners: Attractive Valuations, But Timing Is Key

The Takeaway

Bitcoin miners are trading at steep discounts to their historical Bitcoin relationship, with Marathon Digital now valued near its Bitcoin holdings alone.

Despite these attractive prices, caution is warranted as miners remain vulnerable to further downside during this correction.