JPMorgan Reports Improved Profitability for Bitcoin Miners in May – Coincu
The post JPMorgan Reports Improved Profitability for Bitcoin Miners in May – Coincu appeared on BitcoinEthereumNews.com. Key Points: Bitcoin mining profitability increased significantly in May 2025. 13 U.S.-listed mining companies saw a 19% rise in market value. JPMorgan Chase analysts highlight a record rise in miner revenue. JPMorgan Chase reported an improvement in Bitcoin mining profitability in May, with 13 tracked companies seeing significant financial gains. The increase in market value underscores broader implications for the cryptocurrency sector, potentially affecting investment and operational strategies. May Sees 19% Growth in Miner Market Value In May 2025, JPMorgan Chase analysts observed a rise in Bitcoin mining profitability. The market value of 13 U.S.-listed mining companies increased by about 19% from April, accompanied by a 36% rise in average daily gross profit. JPMorgan’s report highlighted Bitdeer’s market value rise of 43%, while Greenidge encountered a 5% decline. Bitcoin mining spaces noted a noteworthy change as network hashrate grew by 2% to an average of 885 EH/s in early May. Analysts highlighted a 13% rise in “hashprice,” indicating improved miner revenue. The mining profitability report drew no direct executive comments from JPMorgan leadership, including CEO Jamie Dimon. Reginald Smith and Charles Pearce provided the analysis, noting a 13% increase in daily profitability during the first half of May. Market dynamics reflected these changes, though major statements from government or leading industry figures remain absent. “We estimate miners earned approximately $100 daily block revenue per/s during the first two weeks of the month, marking a 13% increase from the previous month and a 3% rise year-over-year.” — Reginald Smith, Analyst, JPMorgan Chase Bitcoin Price and Miner Revenue Trends in Focus Did you know? Bitcoin mining profitability historically climbs with price increases or reduced network difficulty, often aligning with BTC’s spot price trends. Bitcoin’s current price stands at $104,433.72, with a market cap of $2.08 trillion and market dominance of 63.48%, according…
The post JPMorgan Reports Improved Profitability for Bitcoin Miners in May – Coincu appeared on BitcoinEthereumNews.com.
Key Points: Bitcoin mining profitability increased significantly in May 2025. 13 U.S.-listed mining companies saw a 19% rise in market value. JPMorgan Chase analysts highlight a record rise in miner revenue. JPMorgan Chase reported an improvement in Bitcoin mining profitability in May, with 13 tracked companies seeing significant financial gains. The increase in market value underscores broader implications for the cryptocurrency sector, potentially affecting investment and operational strategies. May Sees 19% Growth in Miner Market Value In May 2025, JPMorgan Chase analysts observed a rise in Bitcoin mining profitability. The market value of 13 U.S.-listed mining companies increased by about 19% from April, accompanied by a 36% rise in average daily gross profit. JPMorgan’s report highlighted Bitdeer’s market value rise of 43%, while Greenidge encountered a 5% decline. Bitcoin mining spaces noted a noteworthy change as network hashrate grew by 2% to an average of 885 EH/s in early May. Analysts highlighted a 13% rise in “hashprice,” indicating improved miner revenue. The mining profitability report drew no direct executive comments from JPMorgan leadership, including CEO Jamie Dimon. Reginald Smith and Charles Pearce provided the analysis, noting a 13% increase in daily profitability during the first half of May. Market dynamics reflected these changes, though major statements from government or leading industry figures remain absent. “We estimate miners earned approximately $100 daily block revenue per/s during the first two weeks of the month, marking a 13% increase from the previous month and a 3% rise year-over-year.” — Reginald Smith, Analyst, JPMorgan Chase Bitcoin Price and Miner Revenue Trends in Focus Did you know? Bitcoin mining profitability historically climbs with price increases or reduced network difficulty, often aligning with BTC’s spot price trends. Bitcoin’s current price stands at $104,433.72, with a market cap of $2.08 trillion and market dominance of 63.48%, according…
What's Your Reaction?
