Bitcoin Mining Stocks Face Uncertainty Despite 2023 Gains

Bitcoin mining stocks soared in 2023 due to rising Bitcoin prices, but momentum is slowing in 2024.

New Bitcoin spot ETFs are reducing demand for mining stocks as proxy investments.

Upcoming Bitcoin halving in April will reduce mining rewards, hurting miner profits.

Mining shakeout expected, with only efficient, low-debt miners likely to survive.

Despite upside for some miners, headwinds from halving and competition from ETFs make mining stocks risky now.