#BitDigital转型 From the data, the growth far exceeded expectations, which is indeed quite surprising. As soon as this data was released, the impact on the market was immediate; the three major U.S. stock index futures plummeted, and the cryptocurrency market, which was originally seen as promising, also experienced a sharp decline, with over 210,000 people facing liquidation. This indicates that the market is very sensitive to inflation data.
For cryptocurrency mining companies, such large fluctuations in macroeconomic data are not good news. Rising inflation data may imply changes in the Federal Reserve's monetary policy, with expectations of interest rate hikes possibly increasing, which would affect the liquidity of funds. Cryptocurrency mining companies are already capital-intensive industries; whether it's purchasing mining rigs or building mining facilities, they require a large amount of capital. If the financing environment worsens, costs will increase significantly.