{"id":13674,"date":"2025-02-18T13:02:06","date_gmt":"2025-02-18T13:02:06","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=13674"},"modified":"2025-02-18T13:02:06","modified_gmt":"2025-02-18T13:02:06","slug":"u-s-listed-bitcoin-miners-accounted-for-29-of-global-hashrate-in-february-jpmorgan","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=13674","title":{"rendered":"U.S.-Listed Bitcoin Miners Accounted for 29% of Global Hashrate in February: JPMorgan"},"content":{"rendered":"<div>\n<p>The total hashrate of the U.S.-listed bitcoin (<a href=\"https:\/\/www.coindesk.com\/price\/bitcoin\/\" target=\"_blank\">BTC<\/a>) miners tracked by JPMorgan (JPM) has almost doubled from a year ago and now accounts for about 29% of the global network, the bank said in a report on Tuesday.<\/p>\n<p>The combined hashrate of the 14 companies &#8220;has increased ~95% y\/y to 244 EH\/s, versus a 45% increase in the network hashrate,&#8221; analysts Reginald Smith and Charles Pearce wrote.<\/p>\n<p>The network <a href=\"https:\/\/www.coindesk.com\/opinion\/2024\/08\/14\/the-coming-financialization-of-hashrate-markets\" target=\"_blank\">hashrate<\/a> is a proxy for competition in the industry and mining difficulty. The Bitcoin network hashrate has risen about 6% so far this month, and has climbed 45% in the last 12 months, the report said.<\/p>\n<p>&#8220;Average bitcoin price also declined modestly from January, pressuring mining economics,&#8221; the authors wrote.<\/p>\n<p>The hashprice, a measure of daily mining profitability, dropped 13% from the end of January, as the hashrate rose and the bitcoin price fell, JPMorgan said.<\/p>\n<p>The bank estimated that miners earned around $53,600 in daily block rewards this month, 6% lower than in January.<\/p>\n<p>The total market cap of the bitcoin mining stocks in the bank&#8217;s coverage was 1% lower than the month previous, the report added.<\/p>\n<p>IREN (IREN) outperformed in the first two weeks of February with a 27% gain, the bank noted. Greenidge Generation (GREE) underperformed with a 20% drop.<\/p>\n<p>In a Monday report, broker Bernstein said U.S. bitcoin mining stocks were increasing their share of the network hashrate.<\/p>\n<p>Read more: <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/02\/17\/u-s-listed-bitcoin-miners-are-growing-their-share-of-the-network-hashrate-bernstein\" target=\"_blank\">U.S.-Listed Bitcoin Miners Are Growing Their Share of the Network Hashrate: Bernstein<\/a><\/p>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The total hashrate of the U.S.-listed bitcoin (BTC) miners tracked by JPMorgan (JPM) has almost doubled from a year ago and now accounts for about 29% of the global network, the bank said in a report on Tuesday. The combined hashrate of the 14 companies &#8220;has increased ~95% y\/y to 244 EH\/s, versus a 45% [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-13674","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/13674","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13674"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/13674\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13674"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13674"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13674"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}