In January, publicly traded crypto firms including Bitcoin miners experienced a significant market cap increase of 14%, culminating in a total valuation of 108 billion USD. Noteworthy players in this surge include Coinbase, Marathon, and Riot, significantly outpacing the broader crypto market’s growth.

The favorable regulatory changes, including the resignation of former SEC Chair Gary Gensler, have created a better environment for crypto firms. Additionally, Bitcoin miners are diversifying towards AI and high-performance computing, enhancing their operational efficiencies following the Bitcoin halving event.