U.S.-Listed Bitcoin Miners Achieve 31.5% of Global Hashrate
The total hashrate of 13 U.S.-listed bitcoin miners tracked by JPMorgan now represents approximately 31.5% of the global network, a record high.
- These miners increased their capacity by 11 exahashes per second (EH/s) since April.
- Leading contributors were CleanSpark, Hive Technologies, and Riot Platforms.
- Their aggregate hashrate rose 99% year-on-year, compared to a 55% rise in the overall network hashrate.
- The network hashrate averaged 890 EH/s in early June, down about 10 EH/s but still up over 50% year-on-year.
- The hash price, indicating mining profitability, decreased by 2% from late May.
- The market cap for these companies increased by 10%, or $2.4 billion, in the first two weeks of June.
- Riot recorded a 20% gain, while Bitfarms saw a 9% decline.