Blockchain Companies: Expectation vs Reality

Cryptocurrency bubble?

When analyzing the financial data of companies in the blockchain/cryptoassets area, more specifically the EPS (Earnings per Share), we can see a huge discrepancy between expectation and reality.
It should be noted that some of these companies have never made a profit during their entire existence, and have negative cash flow.
The question is: to what extent has the market already priced in these negative results?
Would there be more room to fall?

Below is the concept of EPS, and shortly after a snapshot of the current EPS versus expected EPS, from the main companies in the cryptocurrency and blockchain area.
I'm not optimistic about this data, unless there's something that only I didn't see.

What is basic EPS?
Earnings per Share is the amount of earnings per share of issued, ordinary shares. When companies report financial results, earnings per share is one of the most commonly measured metrics.
(TradingView)

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Companies analyzed:

Marathon

Riot Blockchain

Hut 8 Mining

Coinbase

Bitfarms

BitNile

CleanSpark

Core Scientific

Argo Blockchain

Canaan

Hive Blockchain

Digital Bit

Galaxy Digital

BIT Mining

Valour

Ebang

Greenidge

Iren

The Blockchain Group

TeraWulf

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ETFs analyzed:

Proshares Bitcoin Strategy

Grayscale Ethereum Trust

Grayscale Bitcoin Trust

Comment:

Short squeeze: