{"id":45318,"date":"2025-09-02T14:46:41","date_gmt":"2025-09-02T14:46:41","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=45318"},"modified":"2025-09-02T14:46:41","modified_gmt":"2025-09-02T14:46:41","slug":"bitcoin-network-hashrate-returned-to-all-time-highs-in-august-jpmorgan","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=45318","title":{"rendered":"Bitcoin Network Hashrate Returned to All-Time Highs in August: JPMorgan"},"content":{"rendered":"<div>\n<p>The Bitcoin network hashrate returned to record highs last month, increasing around 50 exahashes per second (EH\/s) to an average of 949 EH\/s, Wall Street bank JPMorgan (JPM) said in a research report Tuesday.<\/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>The total market cap of the 13 U.S-listed bitcoin (BTC) miners the bank tracks also hit a record high in August, with high-performance computing (HPC) execution driving the gains. <\/p>\n<p>TeraWulf (WULF) announced a <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/08\/14\/terawulf-jumps-22-on-usd3-7b-ai-hosting-deal-with-google-taking-8-stake\">colocation deal<\/a> with Fluidstack and IREN (IREN) <a href=\"https:\/\/www.coindesk.com\/business\/2025\/08\/29\/iren-posts-first-full-year-profit-on-ai-cloud-growth-mining-expansion-shares-climb\">expanded its GPU fleet<\/a>, the bank noted.<\/p>\n<p>With the hashrate at a record, mining profitability declined from the previous month as the bitcoin price fell.<\/p>\n<p>&#8220;We estimate bitcoin miners earned an average of $55,100 per EH\/s in daily block reward revenue in August, down 4% from July,&#8221; analysts Reginald Smith and Charles Pearce wrote. Daily block reward gross profit also fell, dropping 7% to $31,900 per EH\/s, the analysts wrote.<\/p>\n<p>The combined market cap of the 13 U.S.-listed bitcoin miners that JPMorgan analysts track surged 23% from the month previous, or around $7.4 billion.<\/p>\n<p>TeraWulf outperformed with a 83% gain, while Greenidge Generation (GREE) underperformed the group with a 22% decline, the report added.<\/p>\n<p><strong><em>Read more: <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/09\/02\/bitcoin-s-7-day-average-hashrate-hits-1-zettahash-for-first-time\">Bitcoin&#8217;s 7 Day Average Hashrate Hits 1 ZettaHash for First Time<\/a><\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Bitcoin network hashrate returned to record highs last month, increasing around 50 exahashes per second (EH\/s) to an average of 949 EH\/s, 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 [&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-45318","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\/45318","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=45318"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/45318\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=45318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=45318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=45318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}