Bitcoin Miners Listed in the U.S. Achieve Record Network Hashrate in June, Confirms JPMorgan

Key Highlights:

The combined hashrate of U.S.-listed Bitcoin miners tracked by JPMorgan reached a historic peak in June.
Current share of these miners stands at approximately 31.5% of the global Bitcoin network.
There has been a 2% decline in hash price since late May.

Overview:

The total hashrate reported for the 13 miners monitored by JPMorgan (JPM) now comprises around 31.5% of the global Bitcoin network, marking the highest level noted thus far, according to a research report released on Monday. This uptick in hashrate adds 11 exahashes per second (EH/s) to their capacity since April, predominantly from companies like CleanSpark, Hive Technologies, and Riot Platforms.

JPMorgan pointed out that miners increased their capacity significantly, while the overall network hashrate experienced a more moderate rise of 55% year-on-year. Despite a slight reduction of around 10 EH/s in the network’s hashrate, it remains up more than 50% compared to the previous year.

The ongoing analysis emphasizes the competitive nature of Bitcoin mining, highlighting the rising trend among U.S.-listed miners.