The rebound in the price of BTC to the top of several months has also had a positive effect on mining stocks. Many data encryption mining stocks achieved their best monthly major performance in a year. The surge in mining stocks has also made desperate miners breathe a sigh of relief that they can only sell a lot of mined coins in 2022 to improve liquidity.

Pit Dog Ranch, one of the largest BTC mining companies, soared 140% in the first two weeks of January 2023, slightly less than marathon data holding company (Marathon Digital Holdings), up 120%. Over the same period, HIVE BlockChain Technologies's stock valuation basically doubled, while MVIS's worldwide digital currency discovery index rose 64 per cent in the first month of the new year.

The Luxor hach Price index, which quantifies mining revenue from the amount of processing used by the Bitcoin internet, is up 21% this year. This partly reflects the higher returns brought about by the rise in the price of bitcoin.

The great bull market of 2021 led to the listing of several mining companies, while others invested heavily in equipment and expansion. However, the winter of the long landing code in 2022 exposed the vulnerability and lack of appropriate structure of many of these mining companies.

Loans to the bitcoin mining industry rose sharply during the bull market in 2021, which could have a negative impact on their operations during subsequent bear market periods. Public Bitcoin mining companies have more than $4 billion in debt, while the top 10 Bitcoin mining borrowers have a total debt of nearly $2.6 billion. By the end of 2022, leading BTC miners such as Core Science declared bankruptcy.

The surge in the price of Bitcoin in January helped desperate data encryption mining stocks set a new record for the year, but it also helped Bitcoin's exchange traded funds (ETF) surpass most of the traditional ETF sales market.