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JPMorgan Chase: U.S. listed mining companies' network hash rate reached a record high of 29% in October

JPMorgan Chase: U.S. listed mining companies' network hash rate reached a record high of 29% in October

CointimeCointime2024/10/16 13:39
By:Cointime

The mixed hash rate of 14 Bitcoin mining companies listed in the United States tracked by JPMorgan now accounts for 28.9% of the network hash rate, reaching a historical high. Analysts Reginald Smith and Charles Pearce wrote: "The total hash rate of the 14 listed mining companies in the United States tracked has increased by about 70% (80 EH/s) so far this year, reaching 194 EH/s, while the network hash rate has increased by 33%, currently accounting for a record-breaking approximately 28.9% of the global network hash rate." The bank said that since the Bitcoin halving event earlier this year, this number has increased by nearly 8%, reflecting the efficiency and financing advantages of some listed mining companies.

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