CandleFocus Bitcoin Mining Profitability Remains at All-Time Lows as Prices Fall, Hashrate Rises, JPMorgan Says
2024-09-16
Author: Content Editor
According to a research report by JPMorgan, the hashrate of the Bitcoin network has returned to pre-halving levels. The report also notes that U.S.-listed miners' share of the network's hashrate has reached a new record high for the fifth consecutive month. However, the fall in the hashprice, along with seasonal factors, may limit hashrate growth in the near future. The report also highlights that the total market capitalization of U.S.-listed bitcoin miners fell 3% in September, with Hut 8 performing well and CleanSpark underperforming. Jefferies, another Wall Street bank, warned that September could be another challenging month for bitcoin miners.
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