SA Charts: How did bitcoin miners perform in November?

Eight of the top ten biggest bitcoin miners by market capitalization saw a dip in their November production tallies, while the price of the world's largest cryptocurrency ( BTC-USD ) continued to move higher, gaining about 40% over the course of November. Thanks to President-elect Donald Trump's nomination of crypto-friendly Paul Atkins as the chair of the Securities and Exchange Commission, Bitcoin's value traded above $100,000 earlier in December. Since then, investor excitement has see-sawed but the cryptocurrency continues to hover $100K level as of December 11 with latest inflation data matching expectations , furthering the likelihood of an interest-rate cut by the Federal Reserve next week. Of the lot, miner MARA Holdings ( MARA ) and Cipher Mining ( CIFR ) posted an increase in bitcoin output in November compared to October. Meanwhile, CleanSpark ( CLSK ), Riot Platforms ( RIOT ), Iris Energy ( IREN ), Core Scientific ( CORZ ), Bitfarms ( BITF ), Bitdeer Technologies ( BTDR ), TeraWulf ( WULF ), and Hut 8 ( HUT ) saw a sequential dip in their monthly production numbers. Looking at the November performance for this group of miners in total, the group produced a total of 3,482 bitcoins during the month. This is a slight dip from 3,513 bitcoins mined in October. Since the start of the year, bitcoin has risen about 120.8%, outperforming the S&P 500 index, which has gained about 26.9% during the same period. More on Bitcoin Bitcoin Could Significantly Outperform The Stock Market In 2025 Bitcoin: Empirical Evidence And Fundamentals Call For Higher Prices Crypto names Coinbase, IREN rule weekly financial movers in banner week for bitcoin