In February, the total market capitalization of publicly-listed U.S. miners tracked by JPMorgan dropped by 22% due to a decline in the price of Bitcoin and pressure on mining economics. Concerns about demand for data center capacity and the announcement of DeepSeek AI also contributed to the decline in high-performance computing exposure for Bitcoin miners. Revenue and profitability fell, with miners earning $54,300 per exahash per day in block reward revenue, a 5% decline from the previous month. The average network hashrate increased by 3% to 810 exahashes per second, while mining difficulty rose by 2%. Core Scientific performed the best with a 9% drop, while Greenidge Generation underperformed with a 36% decline.



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