#BitDigital转型 From the data, the growth that far exceeded expectations is indeed quite surprising. Once this data was released, the market reacted immediately, with the three major U.S. stock index futures plunging sharply, and the previously optimistic cryptocurrency market also crashing across the board, 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 imply changes in the Federal Reserve's monetary policy, increasing expectations for interest rate hikes, which could affect the liquidity of funds. Cryptocurrency mining companies are already capital-intensive industries; whether it's purchasing mining machines or building mining sites, they require a large amount of capital. If the financing environment worsens, costs will increase significantly.

Take Bit Digital, for example; during its transformation process, it needs to invest funds into new digital asset management business. If there is a funding crunch due to macroeconomic fluctuations at this time, the expansion of new business will be hindered, which will in turn affect the company's long-term value. On the cost side, energy prices may rise due to inflation, and mining is highly dependent on electricity, which will further squeeze the profit margins of mining operations. Therefore, the U.S. July PPI data exceeding expectations adds a considerable amount of uncertainty to the long-term value assessment of cryptocurrency mining companies.