---
type: "Topics"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/topics/39473647.md"
description: ""BTC 上漲 + 挖礦利潤擴張"，但最容易被市場忽視的是能源成本——原油和天然氣價格走高會直接吃掉挖礦利潤率，兩個敍事在能源價格上行時是直接對立的。信用利差擴張讓依賴融資擴產的礦工更難受。$CleanSpark(CLSK.US) $Hut 8 Mining(HUT.US) $IREN(IREN.US) $Terawulf(WULF.US)"
datetime: "2026-03-24T08:29:45.000Z"
locales:
  - [en](https://longbridge.com/en/topics/39473647.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/39473647.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/39473647.md)
author: "[Aesthetic·空镜](https://longbridge.com/zh-HK/profiles/26763302.md)"
---

# "BTC 上漲 + 挖礦利潤擴張"，但最容易被市場忽視的是能源成本——原油和天然氣價…


### 相關股票

- [IREN.US](https://longbridge.com/zh-HK/quote/IREN.US.md)
- [WULF.US](https://longbridge.com/zh-HK/quote/WULF.US.md)
- [CLSK.US](https://longbridge.com/zh-HK/quote/CLSK.US.md)
- [BTC.US](https://longbridge.com/zh-HK/quote/BTC.US.md)
- [HUT.US](https://longbridge.com/zh-HK/quote/HUT.US.md)
- [CLSKW.US](https://longbridge.com/zh-HK/quote/CLSKW.US.md)