A report published by JPMorgan highlights that the total hashrate of Bitcoin 
$95,421 mining companies listed in the U.S. has nearly doubled compared to last year, now accounting for approximately 29% of the global network. This significant increase indicates a rise in the competitive strength of the sector.
Surge in Hashrate
The report notes that the combined hashrate of 14 companies has increased by 95%, reaching 244 EH/s. Additionally, the overall hashrate of the global network has seen a 45% increase over the past 12 months.
Reginald Smith and Charles Pearce: “The combined hashrate of 14 companies reached 244 EH/s, marking a 95% increase; the global network recorded a 45% rise.”
Since January, the declining price of Bitcoin has negatively impacted mining economics. This decline has resulted in a 13% drop in hashprice, a key measure of mining efficiency. However, for most miners, this is not a major concern, especially after experiencing the crash in November 2022.
The report indicates that mining companies currently earn approximately $53,600 in daily…
