{"id":29785,"date":"2025-06-02T13:19:13","date_gmt":"2025-06-02T13:19:13","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=29785"},"modified":"2025-06-02T13:19:13","modified_gmt":"2025-06-02T13:19:13","slug":"bitcoin-mining-profitability-improved-in-may-jpmorgan-says","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=29785","title":{"rendered":"Bitcoin Mining Profitability Improved in May, JPMorgan Says"},"content":{"rendered":"<div>\n<p>The total market cap of the 13 U.S.-listed miners that JPMorgan tracks rose almost 20% in May, as bitcoin BTC rallied and mining profitability increased, the bank said in a research report Monday.<\/p>\n<p>The Bitcoin network hashrate rose about 25 exahashes per second (EH\/s) to an average of 897 EH\/s last month, according to the report.<\/p>\n<p>The <a href=\"https:\/\/www.coindesk.com\/tech\/2021\/02\/05\/what-does-hashrate-mean-and-why-does-it-matter\">hashrate<\/a> refers to the total combined computational power used to mine and process transactions on a <a href=\"https:\/\/www.coindesk.com\/tech\/2021\/09\/16\/understanding-proof-of-work-proof-of-stake-and-tokens\">proof-of-work<\/a> blockchain, and is a proxy for competition in the industry and mining difficulty.<\/p>\n<p>Mining profitability improved in May. The bank estimated that &#8220;bitcoin miners earned an average of $51,600 per EH\/s in daily block reward revenue in May, up 16% from April,&#8221; analysts Reginald Smith and Charles Pearce wrote.<\/p>\n<p>Daily block reward gross profit also increased substantially, jumping 36% month-on-month to $27,900 per EH\/s, the bank noted.<\/p>\n<p>IREN (IREN) outperformed the group with a 37% rise, and Bitfarms (BITF) underperformed with an 8% decline, JPMorgan said.<\/p>\n<p>Seven of the thirteen bitcoin mining companies that the bank tracks outperformed bitcoin last month, the report added.<\/p>\n<p><strong><em>Read more: <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/05\/21\/bitcoin-mining-profitability-fell-in-april-as-network-hashrate-rose-jefferies\"><span style=\"text-decoration:underline\">Bitcoin Mining Profitability Fell in April as Network Hashrate Rose: Jefferies<\/span><\/a><\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The total market cap of the 13 U.S.-listed miners that JPMorgan tracks rose almost 20% in May, as bitcoin BTC rallied and mining profitability increased, the bank said in a research report Monday. The Bitcoin network hashrate rose about 25 exahashes per second (EH\/s) to an average of 897 EH\/s last month, according to the [&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-29785","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\/29785","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=29785"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/29785\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}