On February 18th, according to CoinDesk, a report released by JPMorgan showed that U.S.-listed Bitcoin miners accounted for 29% of the global Bitcoin network's hash rate in February 2025, nearly double the same period last year. The report pointed out that the hash rate of the Bitcoin network increased by 6% this month, but due to the drop in Bitcoin prices, miners' daily profits decreased by 13%. JPMorgan's analysis indicated that the combined hash rate of the 14 Bitcoin mining companies tracked increased by about 95% compared to last year, reaching 244 EH/s, while the global network hash rate grew by 45% year-on-year. In addition, due to a slight decrease in Bitcoin prices, the mining industry is under pressure, leading to a reduction in miners' daily profits to around $53,600, a 6% decrease from January. The report also mentioned that some mining companies, such as IREN, have performed well, with a 27% increase in stock price in the first two weeks of February; while Greenidge Generation saw a 20% decrease.
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JPMorgan report: US-listed Bitcoin miners account for 29% of global computing power
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yield on the US 10-year Treasury rose 2 basis points to 4.12%, reaching a new high since November 2020. -
Social media platform "X" has been fined €120 million by the European Union for violating content regulations.
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