#BitDigital转型 From the data, the growth that far exceeded expectations is indeed quite surprising. As soon as this data was released, the impact on the market was immediate, with the three major U.S. stock index futures plunging sharply, and the cryptocurrency market, which was originally viewed positively, also experienced a widespread crash, with over 210,000 people liquidated. This indicates that the market is very sensitive to inflation data.

For cryptocurrency mining companies, such significant fluctuations in macroeconomic data are not good news. Rising inflation data may mean changes in the Federal Reserve's monetary policy, and expectations for interest rate hikes may strengthen, which would affect the liquidity of funds. Cryptocurrency mining companies are already capital-intensive industries, whether it’s purchasing mining machines or building mining farms, both require substantial funding. If the financing environment worsens, costs will increase significantly.

Take Bit Digital as an example; during its transformation process, it needed to invest funds into new digital asset management businesses. If, at this time, due to macroeconomic fluctuations, funding is tight, the expansion of new businesses will be hindered, subsequently affecting the company's long-term value. From the cost side, energy prices may rise due to inflation, and mining is highly dependent on electricity, which will further squeeze the mining industry.