{"id":34572,"date":"2025-07-01T12:31:43","date_gmt":"2025-07-01T12:31:43","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=34572"},"modified":"2025-07-01T12:31:43","modified_gmt":"2025-07-01T12:31:43","slug":"bitcoin-network-hashrate-declined-in-june-as-miners-reacted-to-recent-heatwave-jpmorgan","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=34572","title":{"rendered":"Bitcoin Network Hashrate Declined in June as Miners Reacted to Recent Heatwave: JPMorgan"},"content":{"rendered":"
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The Bitcoin (BTC) network monthly average hashrate fell about 3% in June, Wall Street bank JPMorgan (JPM) said in a research report Tuesday.<\/p>\n

The hashrate refers to the total combined computational power used to mine and process transactions on a proof-of-work<\/a> blockchain, and is a proxy for competition in the industry and mining difficulty. It is measured in exahashes per second (EH\/s).<\/p>\n

“Our sense is the decline was driven by seasonal weather-related curtailment in the U.S., and note that Cipher, IREN and Riot alone operate >80 EH\/s in Texas,” analysts Reginald Smith and Charles Pearce wrote.<\/p>\n

Bitcoin mining profitability continues to improve. The bank’s analysts estimated that miners earned an average of $55,300 per EH\/s in daily block reward revenue last month, a 7% increase from April.<\/p>\n

Daily block reward gross profit rose 13% month-on-month to the highest level since January, the analysts noted.<\/p>\n

The total market cap of the 13 U.S.-listed bitcoin miners the bank follows rose 23%, or around $5.3 billion, from the previous month, the report said.<\/p>\n

Operators with high-performance computing (HPC) exposure outperformed pure-play miners due to speculation of a deal<\/a> between Core Scientific (CORZ) and CoreWeave (CRWV).<\/p>\n

IREN (IREN) outperformed the group with a 67% gain, while Bitfarms (BITF) was the worst performer with a 19% decline, the report added.<\/p>\n

Read more: U.S.-Listed Bitcoin Miners’ Share of Network Hashrate Hit Record High in June: JPMorgan<\/span><\/a><\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Bitcoin (BTC) network monthly average hashrate fell about 3% in June, Wall Street bank JPMorgan (JPM) said in a research report Tuesday. The hashrate refers to the total combined computational power used to mine and process transactions on a proof-of-work blockchain, and is a proxy for competition in the industry and mining difficulty. It […]<\/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-34572","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\/34572","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=34572"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/34572\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}