Bitcoin Network Hashrate Rises to 811 EH/s Amid Weaker Mining Economics

In early March, the Bitcoin network hashrate increased by 2 EH/s to an average of 811 EH/s, according to JPMorgan's research report. Key points include:

U.S.-listed miners maintained a ~30% share of the network hashrate.
Bitcoin price declined approximately 10%, impacting mining profitability.
The hashprice remained stable since the end of February.
Miners earned about $48,300 in daily block reward revenue per EH/s, an 11% decrease from February and a 52% drop since last April's halving event.
The total market cap of 14 tracked U.S.-listed miners fell 13%, or around $3 billion.
Argo Blockchain saw a 1% gain, while Cipher Mining dropped 25%; only one miner outperformed Bitcoin during this period.